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Markets

Global rate hikes reach fever pitch in race against inflation

A record 80 rate increases in 6 months drain money from risk assets

Federal Reserve Chair Jerome Powell deliver televised remarks as brokers at the New York Stock Exchange watch on June 15.   © Reuters

TOKYO -- Central banks across the world are picking up the pace of interest hikes, with developed nations raising rates to fight inflation and emerging economies following suit to defend their currencies. 

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