Controlling inflation is a tall order | Die Zeit – Germany
The worldwide pattern in direction of increased rates of interest may stifle financial progress, writes Die Zeit:
“Ninety central banks worldwide have already raised their rates of interest this 12 months. … Though every establishment makes its choice primarily based on the state of affairs in its personal nation, the cumulative worldwide reversal of the low rate of interest coverage of the previous decade may unintentionally amplify the influence of rate of interest hikes. And it may ship the worldwide economic system right into a deeper trough than the central banks meant. In any case, their aim was to decelerate the economic system with out smothering it totally. However central bankers not often handle this balancing act, even below significantly better situations.”
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