On 16/6, the Bank of Japan (BOJ) raised its short-term policy rate from 0,75% to 1%, marking the first time the rate has reached this level in 31 years.
The European Central Bank (ECB) raises interest rates for the first time since 2023, also becoming the first major central bank to do so since the start of the Middle East conflict.
After the yen's value dropped to a nearly two-year low against the US dollar, Japanese officials are believed to have intervened to support the domestic currency.
Many US restaurant chains report lower-than-expected first quarter revenue as surging gas prices, driven by conflict, lead customers to cut back on spending.
Federal Reserve chair Jerome Powell stated he will retain his position as a member of the Fed's board of governors, even after his term as chair concludes.