# UBS On-Air: Paul Donovan Daily Audio 'How to do a rate hike'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-how-to-do-a-rate-hike
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-how-to-do-a-rate-hike.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-06-16T06:45:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260616-how-to-do-a-rate-hike.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260616-how-to-do-a-rate-hike.mp3
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Duration seconds: 169

## Resource

As expected, the Bank of Japan raised rates to 1%, a level last seen in the distance past of 1995. This was a different move from the recent ECB policy error—unlike Europe, Japan began the year with an accommodative monetary stance. The rate increase is part of a process of returning to neutral, and is broadly considered appropriate.

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## Transcript

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