World
Why is inflation rising again around the world?
Rising energy prices are pushing inflation higher again, forcing major central banks to raise interest rates.
Al Jazeera•
Rising energy prices are pushing inflation higher again, forcing major central banks to raise interest rates.
For decades, central banks treated oil shocks as temporary, something to wait out, not hike rates over.
And that’s because raising rates in this case can slow growth without bringing down the price of a single barrel of oil.