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An end to super-cheap money? Central banks begin tightening cycle

By Chris Giles and Colby Smith
Financial Times·
9 mins to read

Having made billions available to households, companies and governments to borrow during the pandemic, the brakes are now being applied.

The world's financial markets rarely sit glued to their screens waiting for the no-nonsense Norges Bank to pronounce its verdict on Norway's monetary policy. This week was different. The 0.25 percentage point rise in its interest rate was the most visible expression yet of a turn in the monetary policy cycle that is spreading across the world.

No longer are

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