The Bank of Japan has ended its negative interest rate policy, increasing the benchmark rate to 0.1%. This move marks a significant shift after 17 years of ultra-loose monetary policy, driven by persistent inflation exceeding the 2% target.
Justin Sun, a prominent cryptocurrency investor and supporter of Donald Trump, has initiated legal action against World Liberty, a crypto venture co-founded by the former US President and his son, Eric Trump. Sun alleges the firm engaged in an "illegal scheme" to seize his WLFI tokens, freezing his assets and removing his voting rights. The lawsuit, filed in a San Francisco federal court, claims the firm has threatened to permanently destroy his tokens.
The UK's inflation rate rose to 3.3% in March, primarily driven by elevated fuel costs. Despite a temporary dip anticipated in April due to a fall in the energy price cap, analysts project a potential peak near 4% this year, significantly lower than the 11% observed in 2022. The Bank of England is expected to maintain a cautious approach to interest rates, acknowledging the limited impact on global energy markets.
