Charting the global economy: BOE's surprise and global trade may be improving

The Bank of England stepped up efforts to beat back the worst inflation since the 1980s by boosting interest rates half a percentage point to the highest level in 15 years.

The move surprised investors who had priced in a 40% chance of a hike of that magnitude. BOE policymakers also reiterated earlier guidance pointing to even higher rates, similar to the message Federal Reserve Chair Jerome Powell conveyed to US lawmakers this week.

Central bankers in Norway joined the BOE in accelerating their rate increases, while Switzerland dialed back its pace of hiking.




Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

World

​In addition to the UK, Norway raised its benchmark rate a half point to 3.75%, while central banks in Indonesia, the Philippines, Mexico and Brazil left borrowing costs unchanged. The Swiss National Bank delivered its smallest hike since policy tightening began a year ago, while saying more action is likely.


Read more: https://ngulminthang.weebly.com/news/charting-the-global-economy-boes-surprise-and-global-trade-may-be-improving

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