Interest Rate Hikes vs. Inflation Rate, by Country

Interest Rate Hikes vs. Inflation Rate, by Country

Inflation rates are reaching multi-decade highs in some countries. How aggressive have central banks been with interest rate hikes?

✒ Raising interest rate to combat inflation is a balancing act akin to slowing down a car that is speeding down a hill.

Slamming the brake too hard, the economy could come to a standstill or even go into recession.

However, if rates are raised too slowly, inflation could gather enough momentum that it becomes difficult to stop.