The United States, which is struggling with the worst inflation, has raised interest rates for the second month in a row with a 'giant step' to catch inflation.
The U.S. central bank, the Federal Reserve and the Federal Reserve, said in a statement after the Federal Open Market Committee's regular meeting that it would raise its benchmark interest rate by 0.75 percentage points.
As a result, the US base rate rose from 1.50 to 1.75% to 2.25 to 2.50%, higher than the Korean base rate of 2.25%.
It is the first time in about two and a half years since February 2020 that the US benchmark interest rate has risen higher than that of Korea.
The Fed also raised the interest rate by 0.75 percentage points last month, taking the first step as a 'giant step'.
It was the first time in 28 years since 1994 that the Fed raised rates by 0.75 percentage points.
The Federal Reserve raised interest rates by 0.75 percentage points for the second straight month.
The Fed has been super strong by raising interest rates one after another in order to cope with rapid inflation in the United States, which is entering the recovery period of COVID-19.
Although experts are raising concerns about an economic slowdown, they are reconfirming their plan to continue the hard-line route with a focus on price capture for the time being.