Tag: rate hikes

As the decades-long high inflation shows signs of easing, central banks all over the world are joining the Federal Reserve in moderating the pace of interest rate increases. In their final meetings of the year on Thursday, the Bank of England and the European Central Bank both raised interest rates by half a percentage point. They had previously used three-quarters of a percentage point increments. Without overtaxing the economy, the central banks are attempting to control inflation. Europe would not be far behind as the United Kingdom already enters a recession....