Major central banks ramped up interest rates at the fastest pace and biggest scale in at least two decades in 2022 as policy makers went all out in the battle to contain surging inflation. | Reuters
“When you look at the tightening in the U.S. it is basically one of the sharpest ever in the past 20 years,” David Hauner, head of emerging markets cross-asset strategy and economics, EMEA at Bank of America Global Research told Reuters.
On a monthly basis, data showed that seven out of the 10 major central banks lifted rates in December.
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