Home » Business » “US Central Bank Raises Interest Rates to Highest Level in 16 Years Amid Inflation Concerns”

“US Central Bank Raises Interest Rates to Highest Level in 16 Years Amid Inflation Concerns”

  • Natalie Sherman
  • Business and Finance Correspondent, New York

image copyright Getty Images

photo comment,

The US central bank raised the reference rate by five points in one year

The US central bank raised the interest rate to its highest level in 16 years, in an effort to ensure price stability.

The interest rate rose by 0.25 percent, the tenth rise in 14 months.

The Central Bank indicated on Wednesday that this is the last rise it has decided so far.

The reference price moved from 5 percent to 5.25 percent, while it was close to zero in March 2022.

2023-05-04 04:00:11
#Central #Bank #raises #interest #rate #highest #level #years #BBC #News #Arabic

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.