CURBING INFLATION: THE POWER OF INTEREST RATE HIKES

Curbing Inflation: The Power of Interest Rate Hikes

Inflation continues a pressing challenge for many economies worldwide. As prices climb, central banks often employ interest rate hikes as a key tool to stem inflation's advance. Increasing interest rates, central banks try to make borrowing dearer. This can dampen consumer and business spending, which in turn can slow down inflation. Nevertheles

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