The Federal Reserve has already lifted its benchmark lending rate by five percentage points since it began raising rates to fight inflation in March 2022. The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite “elevated” inflation while indicating a sharp increase could be needed before the end of the year. “Looking ahead, nearly …
CANBERRA, Australia — Australia’s central bank left its benchmark interest rate on hold at 3.6% on Tuesday following evidence that inflation is falling. Bank Governor Philip Lowe said his board had halted the rise in interest rates to observe the full impact of the rate hike of 3.5 percentage points since May last year. “The board recognizes that monetary policy …
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