this post was submitted on 29 Jun 2023
2 points (100.0% liked)

World News

10 readers
2 users here now

News from around the world!

founded 1 year ago
2
The Central bank chiefs indicate willingness to maintain high interest rates to control inflation (www.ft.com)
submitted 1 year ago by operator@kbin.social to c/worldnews@kbin.social
3 comments fedilink hide all child comments
 

Leaders of major central banks are ready to increase interest rates to control inflation

They are targeting a rate of about 2%. Mainly influences by the current conditions in the labor markets + rising wages.

The IMF warns this could trigger a financial crisis. Inflations are high everywhere (~6% EU, 4% US, 9%UK).

you are viewing a single comment's thread
view the rest of the comments
[โ€“] Machinist3359@kbin.social 2 points 1 year ago (1 children)

They've been very clear and consistent, yet the market keeps assuming it won't hold a few months later.

[โ€“] operator@kbin.social 1 points 1 year ago

They have, bu current fluctuation and constant black swans raise the legitimate question