In May, the number of central banks globally that raised interest rates equaled those that cut rates, marking the first time since early 2021.
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Among the 52 central banks included in the statistics, the number of institutions that raised interest rates and those that cut rates in May were both 26, marking the first time in about two years that they were equal. Last week, the European Central Bank raised interest rates by 25 basis points to 2.25%, and this Tuesday, the Bank of Japan raised rates by 25 basis points to 1.0%.
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