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Added on the 08/09/2022 15:41:23 - Copyright : AFPTV - First images
The eurozone's central bank intends to make spending more expensive in order to bring down prices.
Federal Reserve Chair Jerome Powell announces a raise of the benchmark interest rate by three-quarters of a percentage point, adding that the Fed expects ongoing rate increases "will be appropriate." It is the second straight 75 basis point increase, and the fourth rate hike this year. SOUNDBITE
The Federal Reserve announces the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points as it battles against surging inflation. SOUNDBITE
European Central Bank increases interest rate by 0.5% despite turmoil in the banking sector and financial markets.