A Global Assault on Inflation
For many market observers, June 8 seemed to be World Tightening Day. The European Central Bank raised its benchmark interest rate by 25 basis points, to 2.75%, as expected. But in a surprise move, South Korea's central bank hiked its key interest 25 basis points, too, to 4.25%. Central banks in Denmark, India, South Africa, and Turkey raised rates as well.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.