18.7 C
New York

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


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

Related articles

Recent articles