Interest rate hikes: Shares fall in Asia and the US
The sell-off comes as worries intensify over how the rising cost of borrowing will affect economic growth.
Author Archives: BBC News - Business
Warning of economic downturn as interest rates rise
Rates rise to 1% from 0.75%, their highest level since 2009, in a bid to tackle soaring inflation.
Turkey’s cost of living soars nearly 70%
Everyday goods including food and transport costs have seen among the biggest annual increases.