Central banks may raise interest rates during times of high inflation to increase borrowing costs, which helps curb excessive spending and slow down inflationary pressures.

Authors

• Person: Not available Organization: OnPoint Community Credit Union
  The Impact of Global Economic Trends on Personal Investments

Sources

• The Impact of Global Economic Trends on Personal Investments www.onpointcu.com OnPoint Community Credit Union via serper

Referenced by nodes (4)

• inflation concept
• spending concept
• borrowing costs concept
• interest rates concept