When the Federal Reserve, the central bank of the United States, raised the key interest rate for the first time in three years and three months, banks also began to raise lending rates one after another.
According to major foreign media on the 17th, Citigroup, Wells Fargo, JP Morgan Chase, and Bank of America all raised the basic interest rate for loans from 3.25% to 3.5% from the same day.
This is in response to the Fed raising the key interest rate by 0.25 percentage points the day before.
