Inflation: are larger rates of interest the answer?

The world development in direction of larger rates of interest may stifle financial progress, writes Die Zeit:

“Ninety central banks worldwide have already raised their rates of interest this yr. … Although every establishment makes its choice based mostly on the state of affairs in its personal nation, the cumulative worldwide reversal of the low rate of interest coverage of the previous decade may unintentionally amplify the impression of rate of interest hikes. And it may ship the worldwide financial system right into a deeper trough than the central banks supposed. After all, their purpose was to decelerate the financial system with out smothering it fully. But central bankers hardly ever handle this balancing act, even underneath significantly better situations.”



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