The Wall Street JournalThe Wall Street Journal

World’s Central Banks race to raise rates after Fed increase

By Will Horner and Megumi Fujikawa

22 Sep 2022 · 4 min read

This story reiterates how interconnected global economy is. No sooner did the Fed increase its interest rates, central banks around the world are doing that as well, except in Turkey.

Curated by informed

Central banks around the world moved Thursday to combat the effects of a soaring dollar and rising inflation, joining the Federal Reserve in risking a recession to rein in climbing prices.

In a flurry of central-bank meetings from Norway to South Africa, many raised rates by larger-than-expected margins in a day that analysts at ING billed as “Super Thursday.”

The news, curated.

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