Comment on Central banks around the world just made borrowing costs more expensive

Central banks around the world just made borrowing costs more expensive

Good morning, readers. Phil Rosen here, writing to you from a coffee shop in Manhattan.Powell and co. last week chose to "skip" an interest rate adjustment, holding them steady after 10 straight hikes but cautioning that more raises could still happen.The rest of the world did not follow suit. The central banks of the UK, Turkey, Norway, and Switzerland all raised interest rates yesterday.

 

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