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The US central bank has raised interest rates for the first time in more than three years from 3.5%-3.75% to 3.75%-4%. Interest rates set the cost of borrowing money, and influence mortgages, loans and savings but can also boost returns on savings. Central banks often hike up rates when they think inflation is too high. Tap the link in @BBCNews’s bio to learn more. #BBCNews

Taken: 16 Sep 2026, 22:28:51
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