First Week of the Year Sees Four Central Bank Hiking Rates

Central banks across the globe hike interest rates to battle inflation spikes.

Zoe Schneeweiss

10 Jan 2022, 10:37 PM IST

First Week of the Year Sees Four Central Bank Hiking Rates

Central Bank of Argentina. (Photographer: Sarah Pabst/Bloomberg)

(Bloomberg) -- Central banks in Latin America and Europe kicked off the year with a bang, with Argentina hiking interest rates by 200 basis points and Peru, Uruguay and Poland also raising borrowing costs. They are predicted to be joined next week by Romania and South Korea as policy makers around the world try to battle inflation spikes with rate increases.

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