US Federal Reserve raises base rate by 25 percentage points to 4.75-5% annualized

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The US Federal Reserve System (FRS) raised the base interest rate by 25 basis points to 4.75%-5% annually. Press release regulator.

Thus, the rate is at its highest level since 2006, when it reached 5.25% annually.

It was previously reported that consumer prices have increased in most countries of the Middle East and North Africa. will exceed 10% in 2023. Such inflation was predicted by the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, the press service of the organization published the text of the statement on its website.

He noted that for countries in the region with emerging markets and economies and low income levels, such an indicator of price increase reflects, among other things, the depreciation of their national currencies.

According to the IMF chief, the organization expects a gradual decline in inflation as oil prices stabilize.

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