World News
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1y ago
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The Central bank chiefs indicate willingness to maintain high interest rates to control inflation
https://www.ft.com/content/75b779bd-4023-4370-9916-adbc4d57ff2fLeaders 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).
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