Why are central banks late to the inflation party?
Finshots Daily
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Introduction
On friday, the r b i raised the report rate for the third time since april. It has now shot up from a 20 year low of four % to five point 4%. So why is the central bank in such a hurry to increase rates, you ask? Well, they're fighting an uphill battle against inflation. They're expecting a steep increase in prices, and they believe that this price rise will top at six point seven % this year. And they want to use interest rates to contain inflation at this level.
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