Global Central Banks Unleash More Rate Hikes

NTD Newsroom
By NTD Newsroom
September 22, 2022NTD Business

Central banks around the world are stepping up their fight against inflation.

On Wednesday, the Federal Reserve raised its rate, and this prompted other central banks to do the same.

The next day, the Bank of England lifted its key interest rate by half a percentage point, as did Norway. Switzerland, raised its interest rate by three-quarters of a percentage point.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.