Central banks around the world raise interest rates in November . Fed Chair Jerome Powell said on Wednesday that the US central bank could slow the rate of rates raises as soon as December .
London: As policy makers around the world fight decade-high inflation, the pace and magnitude of rate increases by central banks in November increased.Last month, the Federal Reserve of the United States, the Reserve Bank of Australia, Norways Norges Bank, the Swiss National Bank, and the Reserve Bank of New Zealand all raised interest rates.Central banks' determination to lower inflation has sent markets on a roller coaster in recent weeks, with investors trying to decide how fast and how far the US Federal Reserve and other major central banks are planning to raise rates in response to inflationary pressures, and fears of a slowdown in global growth are erupting.Fed Chair Jerome Powell said on Wednesday that the US central bank could slow the rate of rates raises as soon as December.