Global markets quake as central banks grow more hawkish

Published by
Reuters UK

By Saqib Iqbal Ahmed, Tom Westbrook and Dhara Ranasinghe NEW YORK (Reuters) – Expectations for how drastically central banks need to tighten monetary policy to fight soaring inflation have taken another leap higher, shaking up global markets and rattling investors. Among the eye-catching moves from monetary authorities in recent days have been a 75-basis-point increase from the Federal Reserve – the largest U.S. rate rise in nearly three decades – the Swiss National Bank’s first hike in 15 years and another 25-basis-point increase by the Bank of England. Investors are bracing for more bold mov…

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