Washington-Sana
Yesterday, the US Central Bank announced the largest interest rate increase in nearly thirty years, at a time when Jerome Powell, President of the Bank, is under great pressure with the acceleration of price hikes.
And the British (BBC) news network quoted the bank as saying that it will raise the benchmark interest rate by three quarters of a percentage point to 1.75 percent, indicating that it expects more increases.
This rise, which is the third since last March, comes after a sharp increase in the level of inflation last month.
Comments released after the bank's meeting showed that officials expect interest rates to reach 3.4 percent by the end of this year, a move that will raise borrowing costs for mortgages, school loans and credit cards.
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