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The return of inflation and the end of low interest rates
Rising prices is the prevailing theme in the global economy in 2022. The US, hit by inflation levels not seen in 40 years, led a monetary policy tightening regime that spelled the end of low interest rates. Unlike in the past, the strong US dollar matched the high commodity prices amid tight energy and food supply, leading to inflation almost everywhere else. The rising interest rate environment has also resulted in higher costs for governments, businesses and individuals.
Article from The Edge, Newspaper / Magazine Publication dated 26 Dec 2022 – By Adam Aziz & Rajita Sivan
All rights reserved to the respective owners and authors of the article.
