In June 2022, The central bank of which country central announced its biggest interest rate rise in nearly 30 years?
In June 2022, The central bank of which country central announced its biggest interest rate rise in nearly 30 years?
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.