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World’s Central Banks Race to Raise Rates After Fed Increase

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LONDON—Central banks world wide moved Thursday to combat the effects of a hovering greenback and rising inflation, becoming a member of the Federal Reserve in risking a recession to rein in climbing costs.

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



Source: www.wsj.com

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