Central banks around the world are raising rates sharply amid record inflation

Amid 40-year-high inflation, central banks are raising interest rates en masse, despite the threat of an economic slowdown and even recession. Since the beginning of the year, rates have already been raised in more than 90 countries around the world. And in half of them, regulators went for a sharp increase – by 75 basis points (bp) or more at a time. Some have done it repeatedly. Such measures are the largest tightening of monetary policy in the last 15 years, informs Bloomberg.

Already this week, another decision on the rate of the US Federal Reserve will be made. According to experts’ forecasts, it may be increased by 75 bp for the third time. The Bank of England may raise rates by 50 bp. n. Similar decisions are expected in Indonesia, Norway, Sweden, Switzerland and the Philippines.