Central bank unleashes more than 350bps rate hike in inflation fight

) LONDON (Reuters) – Major central banks have stepped up their fight against runaway inflation, unleashing another 50 The basis point for a key week in policymakers’ determination to show they are serious about raising rates. The Federal Reserve raised interest rates by three-quarters for the third time in a row on Wednesday, while the central banks of the United Kingdom, Switzerland and Norway all cashed on Thursday. grow rapidly. Central Bank at The advanced economies add up to raise interest rates by 1, 25 Basis Point Japan has been stubbornly “dovish” so far this cycle, sticking to its ultra-low interest rate policy on Thursday.