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ECB, BOE Raise Rates by Half a Percentage Point
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Europe’s major central banks slowed the pace of their interest-rate increases but diverged with each other and the Federal Reserve on how much more work they need to do to combat high inflation, opening up a new phase for the world economy.
After raising rates rapidly for months, policy makers on both sides of the Atlantic are starting to fine-tune their approach as rates reach levels that are likely to weigh on economic growth. Their calculation on the ultimate level of interest rates is critical as both regions face an array of risks and headwinds, from Russia’s ongoing invasion of Ukraine to lingering supply bottlenecks and uneven growth in China.
Read more on wsj.comAbout this in other media
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely wsj.com /2 years ago
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely wsj.com /2 years ago
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely wsj.com /2 years ago
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