The Central bank chiefs indicate willingness to maintain high interest rates to control inflation
The Central bank chiefs indicate willingness to maintain high interest rates to control inflation
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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).