Thursday 22 September 2022

No 219: US interest rates hit 14-year high in inflation battle

 READ here: (https://www.bbc.co.uk/news/business-62973376) for a BBC article about the rise in US interest rates announced today. The main base rate has gone up from 2.5% to 3.25%. This is of course important for the US economy itself, but it also makes it more likely that Central Banks in other countries will raise their rates as well.

(The Bank of England MPC make their announcement tomorrow - look out for it!)

The article contains this interesting chart of what has happened around the world with interest rates:



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