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View all search resultsBank Indonesia (BI) has raised its key interest rates in what it calls a “preemptive measure” in light of global risks caused by the uncertain outlook of monetary policy in the United States and geopolitical tension in the Middle East.
The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25 percent on Thursday, and gave a new warning that borrowing costs were likely to stay high for some time.
The European Central Bank raised interest rates for the ninth consecutive time on Thursday and said it was open-minded about further tightening as stubbornly high inflation and recession worries pull policymakers in opposing directions.
The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the US central bank's past 12 policy meetings and possibly a last move in its aggressive battle to tame inflation.
The year 2023 continues to be full of uncertainty, particularly concerning the trajectory of global inflation and monetary policy rates. The global economy remains in a state of ambiguity amid the forceful tightening of monetary measures, prompted by the significant rise in inflation following the reopening of economies after the COVID-19 pandemic.
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