Aggressive rate hikes the name of the game for big central banks

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Reuters UK

LONDON (Reuters) – The European Central Bank delivered a second straight 75-basis-point interest rate hike on Thursday, the latest sign that major central banks are serious about curbing hot inflation. Central banks in the 10 big developed economies have raised rates by a combined 2,165 basis points (bps) in this cycle to date, with Japan the holdout “dove.” But the pace of these rate rises is starting to slow – Canada just delivered a smaller-than-anticipated rate hike. Here’s a look at where policymakers stand from hawkish to dovish. Central banks ramp up fight against inflation https://grap…

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