BoJ raises rate to 1.25%; RBA flags inflation risks
BoJ hikes rate to 1.25% as expected; RBA warns of inflation risks. Iran attacks tanker, US sanctions crypto exchange.
Zelensky says Trump's proposed halt to energy strikes is just a proposal; Ukraine skeptical Russia will comply.
Zelensky issued the following statement:
Ukraine has proposed that its partners secure an agreement with Russia that would stop the destruction of critical infrastructure. Food, energy, and other basics that sustain life must be protected, and Russian strikes are directed primarily against them. Every day, Ukrainian energy facilities, port infrastructure, logistics, and even warehouses storing food and pharmaceuticals are targeted. Ukraine is not convinced that Russia is willing to abide by any agreement. If our partners are ready to ensure that Russia genuinely refrains from striking our electricity system, other energy facilities, critical infrastructure, and food supply routes, then, of course, we are ready to ensure a corresponding halt to our strikes. So that it is reliable, long-term, has a real impact on peopleâs lives, and does not fall apart after the Russians hold their âelectionsâ and get an easing of pressure on gasoline and diesel precisely for that period. The war must be brought to an end. And a de-escalatory step regarding critical infrastructure could be the first step toward peace. We expect specifics from our partners.
Earlier, Trump said both Russia and Ukraine had agreed to stop striking energy targets, but Zelensky has not agreed to that and is seeking a more comprehensive deal. He also doubts Russia would follow any agreement.
Some communication from Russia is expected at some point, but Moscow may interpret the situation as weakness. Russia faces fuel shortages, though other countries could soon experience similar pressures. Trump is putting pressure on Ukraine and will likely continue to do so regardless of Russia's actions.
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BoJ hikes rate to 1.25% as expected; RBA warns of inflation risks. Iran attacks tanker, US sanctions crypto exchange.
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