US, EU and Australia raise interest rates to tame inflation

Money Talks

English - May 08, 2023 11:18 - 6 minutes
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Inflation has continued to rise in many countries around the world. COVID-19 impacted global supply chains and Russia's war in Ukraine triggered an energy crisis forcing gas and petrol prices to rise. The US, Europe and Australia have all raised interest rates to combat inflation but this has not come without its costs. Emre Boz has more.
#USFed #ECB #Globalinflation