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Posted On: 12/31/2023 6:50:25 AM
Post# of 27268
The recession that wasn’t
Since March 2022, the central bank has steadily dialed up its benchmark interest rate to its highest level in 22 years, now at 5.25 to 5.5 percent. Higher rates quash inflation because they force consumers and businesses to cut spending, the theory goes.
Since March 2022, the central bank has steadily dialed up its benchmark interest rate to its highest level in 22 years, now at 5.25 to 5.5 percent. Higher rates quash inflation because they force consumers and businesses to cut spending, the theory goes.
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