THE last couple of weeks were one of the busiest for central banks around the world, as several major central banks moved the needle up with rate hikes ranging from 25 basis points (bps) to as much as 50 bps.
As we are aware, the US Federal Reserve (Fed) raised the Fed fund rate (FFR) by 25 bps – the smallest increase since rate hikes started in April last year, to between 4.50% and 4.75%.
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