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The Wall Street Journal

Financial institution of England Is Newest Central Financial institution to Increase Charges Following Fed Improve

LONDON—Central banks and governments all over the world moved to increase interest rates or help their currencies after the Federal Reserve raised rates and signaled that they might stay excessive for a while, giving contemporary impetus to an already sturdy greenback.

The Financial institution of England was the most recent to regulate charges increased, elevating its key rate of interest for the seventh consecutive time Thursday. Solely the Financial institution of Japan—typically thought-about a perennial dove—and the usually contrarian Turkish central financial institution bucked the pattern, although Japan’s authorities later stated it intervened in currency markets to sell dollars and buy yen, the primary such intervention in 24 years, to gradual the current fall within the Japanese forex.

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