Nothing being carried out about excessive costs | Efimerida ton Syntakton – Greece
The worldwide development in direction of larger rates of interest may stifle financial development, writes Die Zeit:
“Ninety central banks worldwide have already raised their rates of interest this yr. … Though every establishment makes its determination based mostly on the scenario in its personal nation, the cumulative worldwide reversal of the low rate of interest coverage of the previous decade may unintentionally amplify the affect 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 objective was to decelerate the economic system with out smothering it completely. However central bankers not often handle this balancing act, even underneath significantly better situations.”
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