In June 2022, The central bank of which country central announced its biggest interest rate rise in nearly 30 years?
Answer: USA
Explanation
US central bank has announced its biggest interest rate rise in nearly 30 years to control surging inflation which would increase its benchmark rate by three-quarters of a percentage point to a range of 1.5 percent to 1.75 percent. It is the largest rate hike since 1994.
This question appeared in
Subjects (4 times)
GENERAL KNOWLEDGE (1 times)
INTERNATIONAL CURRENT AFFAIRS (2 times)
YEARLY CURRENT AFFAIRS (1 times)
Related MCQs
- Asad borrowed 250,000 from the bank at the rate of 12% per annum for four years. The interest paid to the bank after four years would be ______?
- A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
- Central bank's rate of lending to commercial banks is called:
- Which of the following issued commemorative note of Rs. 75 to mark 75 years of Pakistan's central bank?
- Mr. Ali borrows RS. 500 from bank for a period of 4 years. If interest rate is 11% per anum, what would be the amount of interest he has to pay back in addition to the principal amount?
- In order to control credit and investment, the central bank of country should
- The 3rd Finance Ministers and Central Bank Governors Meeting hosted by which country in 2020?
- Which country chaired the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting of 2021?
- Which Islamic country has recently fired its central bank governor after its currency reached record lows?
- If in 2 years at simple interest the principal increases by 16%, what will be the compound interest earned (in Rs.) on Rs. 25,000 in 2 years at the same rate?
