BATTLING INFLATION: USING INTEREST RATES AS A TOOL

Battling Inflation: Using Interest Rates as a Tool

Inflation persists a pressing issue for many economies worldwide. As prices soar, central banks often employ interest rate hikes as a key tool to curb inflation's growth. By raising interest rates, central banks seek to make borrowing dearer. This can reduce consumer and business spending, which in turn can moderate inflation. Nevertheless, inte

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