The central bank boosted its key interest rate by three-quarters of a percentage point

The central bank boosted interest rate

The central bank boosted its key interest rate by three-quarters of a percentage point, to three percent, after consumer price inflation returned to a 40-year high in September. The violent move comes as the bank forecast a two-year economic contraction through June 2024, which would be the longest recession since at least 1955, according to … Read more