The central banks of the UK, Turkey, Norway, and Switzerland all raised interest rates yesterday.
The Bank of England is the UK's central bank.
Let's start with the Bank of England's decision to raise interest rates by 50 basis points and bring borrowing costs to 5%.
Turkey's central bank, meanwhile, raised interest rates by 650 basis points to 15%, which was somehow less than markets expected.
Just to cover our bases: Norway's central bank raised its core lending rate by half a percentage point, and Switzerland's policymakers hiked its benchmark rate by a quarter point.
Persons:
Phil Rosen, Powell, Myron Jobson, Recep Tayyip Erdogan, Spencer Platt, Jerome Powell's, Goldman Sachs, David Rosenberg, it's, Warren Buffett, Jason Ma, Nathan Rennolds
Organizations:
Bank of England, Bank of, Interactive, New York Stock Exchange, U.S . House, Dow, Getty, Apogee Enterprises, Homeowners, Apple, Microsoft, Nvidia, S3 Partners, BMO Capital Markets, Berkshire Hathaway, Gates Foundation
Locations:
Manhattan, Turkey, Norway, Switzerland, Maremagnum, Turkey's, New York City, U.S, New York, Los Angeles, London