The Zhitong Finance App learned that on September 18, the Bank of Japan followed the pace of the Federal Reserve's interest rate hike and announced an interest rate hike of 25 basis points to 1.25%, as expected by the market. Earlier, the Federal Reserve raised interest rates for the first time in about three years on September 16, raising the federal funds rate target range by 25 basis points to 3.75% — 4.00%; the ECB also raised interest rates by 25 basis points on September 10, raising the deposit mechanism interest rate to 2.50%. The Bank of England announced on September 17 that it would maintain an interest rate of 3.75%, but three of the nine members advocated raising interest rates. Together, these show that concerns about inflation are converging among countries, and there are still differences in the exact pace of tightening.

The Zhitong Finance App learned that on September 18, the Bank of Japan followed the pace of the Federal Reserve's interest rate hike and announced an interest rate hike of 25 basis points to 1.25%, as expected by the market. Earlier, the Federal Reserve raised interest rates for the first time in about three years on September 16, raising the federal funds rate target range by 25 basis points to 3.75% — 4.00%; the ECB also raised interest rates by 25 basis points on September 10, raising the deposit mechanism interest rate to 2.50%. The Bank of England announced on September 17 that it would maintain an interest rate of 3.75%, but three of the nine members advocated raising interest rates. Together, these show that concerns about inflation are converging among countries, and there are still differences in the exact pace of tightening.