Your English writing platform
Discover LudwigExact(28)
The central bank has raised the benchmark interest rate by a collective 1.25 percentage points to 4.25 percent in five moves since Oct. 7.
The central bank raised the benchmark interest rate to 7 percent on Dec. 20 from 6.5 percent, which was already the E.U.'s highest.
The bank has raised the benchmark interest rate twice since April to prevent inflation in fast-growing countries like Germany and the Netherlands.
The central bank raised the benchmark one-year bank deposit rate by a quarter of a percentage point, to 3.25 percent, effective Wednesday.
Then, the bank raised the benchmark interest rate to 4.25 percent from 4 percent even as the financial crisis was gathering force.
In Australia, inflation is running near its highest level in 16 years, and in March the central bank raised the benchmark lending rate to a 12-year high.
Similar(32)
So do the tech wizards whose new fortunes have raised the benchmarks for casual extravagance.
The Federal Reserve has indicated that it intends to slowly but surely raise the benchmark interest rate.
But it made no mention of raising the benchmark interest rate, which is already at 17.75percentt.
One council member, Andrew Sentance, voted to raise the benchmark rate to 0.75 percent from the record low of 0.5 percent.
The central bank's recent decision to raise the benchmark interest rate, albeit to just 0.25percentt, is worrying some analysts.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com