AUD/JPY depreciates as traders exercise caution ahead of the US CPI report. The Australian Dollar faced challenges as the RBA Governor Bullock stated that upside inflation risks have eased. The JPY gained ground as robust Japan's PPI data suggested the possibility of further BoJ’s rate hikes.
Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy. Central banks normally have a mandate to ensure price stability, which in most cases means targeting a core inflation rate of around 2%.
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