Central Banks
Central Bank Rate Hikes Are Far From Over
- US, Norway, Sweden, Switzerland among those to raise rates
- Policy makers warn that inflation remains out of control
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This week’s blitz of interest rate hikes is unlikely to mark the end of a campaign by central banks to crush inflation even as they run the mounting risk of driving their economies into recession.
From Ulaanbaatar to Washington, many policy makers lifted their benchmark borrowing costs during a three-day window that made clear their chief worry is the strongest run of inflation since the 1980s.