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Yellen warns of acute ‘spillover’ effects of interest rate hikes on developing countries

Por: The Hill Politics October 06, 2022

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Treasury Secretary Janet Yellen on Thursday acknowledged the negative effects that continued interest rate hikes by the U.S. Federal Reserve and other central banks are having outside U.S. borders. “For major economies facing high inflation, the immediate task is to return to an environment of stable prices. Central banks bear the prime responsibility. But it is important to recognize that macroeconomic tightening in advanced countries can... + full article



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