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Central Banks May Stoke Risks by Raising Interest Rates Together
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Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they may go too far if they don’t take into account their collective impact on global demand.
According to the World Bank, the number of rate increases announced by central banks around the world was the highest in July since records began in the early 1970s. On Wednesday, the Federal Reserve delivered its third 0.75 percentage-point increase in as many meetings. This past week its counterparts in Indonesia, Norway, the Philippines, South Africa, Sweden, Switzerland, Taiwan and the U.K. also upped rates.
Read more on wsj.comAbout this in other media
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world cnbc.com /1 year ago
Central banks can push DeFi into mainstream: Swiss National Bank official cointelegraph.com /1 year ago
Bank of Mexico Raises Interest Rates for 11th Straight Time wsj.com /1 year ago
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