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Saudi Arabia, Qatar, Bahrain raise interest rates, mirroring Federal Reserve

The US Federal Reserve raised rates by 0.25% on Wednesday, despite concerns about the effect on the global financial climate.
Saudi central bank

The central banks of Saudi Arabia, Qatar and Bahrain raised their key policy rates by 0.25% on Wednesday. 

The move followed the US Federal Reserve raising interest rates by the same percentage earlier in the day as it continues to fight inflation. 

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