Economy

Major banks can also increase dangers by increasing activity rates together

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Major banks worldwide are raising their main hobby rates amid the more widespread tightening of fiscal coverage on listings. Some economists fear they may go too far if they don't take into account their collective influence on global demand.

Based on the global financial institution, the variety of rate hikes announced by major banks worldwide reached its highest level in July since the early 1970s. On Wednesday, the Federal Reserve delivered its third 0.75 percentage point increase in as many meetings. Last week, its counterparts in Indonesia, Norway, the Philippines, South Africa, Sweden, Switzerland, Taiwan, and the United Kingdom also raised rates.

Jéssica Esteves
Jessica Esteves
I'm Jéssica Esteves, an article writer with a degree in Journalism since 2021. I live in Itu, SP, and I'm 28 years old. I work with blogs, writing texts about technology, well-being and lifestyle, always seeking to add value to people's lives. My writing is clear and accessible, the result of thorough research. I'm passionate about cats, which bring me inspiration and joy. I am dedicated to contributing positively to the online community, creating content that is true tools of transformation and personal growth for my readers.