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Which country’s central bank raised interest rates to combat inflation in 2022, marking its highest level in over a decade?

Practice Questions

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Q1
Which country’s central bank raised interest rates to combat inflation in 2022, marking its highest level in over a decade?
  1. United States
  2. United Kingdom
  3. Canada
  4. Australia

Questions & Step-by-step Solutions

1 item
Q
Q: Which country’s central bank raised interest rates to combat inflation in 2022, marking its highest level in over a decade?
Solution: The Bank of England raised interest rates in 2022 to combat rising inflation.
Steps: 0

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