this post was submitted on 29 Jun 2023
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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/news@kbin.social
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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).

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