Several central banks in Europe and Asia raised interest rates on Thursday, one day after the U.S. Federal Reserve raised rates to fight inflation. See potential bias and similarities in coverage from WSJ, AP and zerohedge: InterestRates Inflation
The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year.
This week, central banks from Asia to England followed suit to varying degrees and using different economic tools to tame rising prices that are not isolated to the U.S.Turkey: The Central Bank of the Republic of Turkey lowered the benchmark rate by 1 percentage point, to 12%. The lira was trading around 18.38...
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