rainynight65@feddit.de 10 months ago
Raising interest rates has not proved effective in curbing inflation so far. Why keep using a clearly ineffective, blunt tool that appears to be causing more harm than good?
rainynight65@feddit.de 10 months ago
Raising interest rates has not proved effective in curbing inflation so far. Why keep using a clearly ineffective, blunt tool that appears to be causing more harm than good?
ephemeral_gibbon@aussie.zone 10 months ago
It has had an effect. To show what it can do look at countries where they don’t (e.g. Turkey, Argentina) and you’ll see that raising interest rates is important. The government has other tools as well, but interest rates are a very important lever