Banks are raising rates to bring down inflation but there is a risk to economic growth
Central banks around the world are pushing for the sharpest rise in interest rates in decades in response to soaring inflation.
With living costs across advanced economies rising at the fastest annual rate since the 1980s, the US Federal Reserve, Bank of England and European Central Bank are taking aggressive action to cool inflationary pressure.
Continue reading...from The Guardian https://ift.tt/PXahTf3
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