Pushing down GDP, including to negative, by increasing interest rates is literally the mechanism used to combat inflation.
We are coming off massive inflation and resulting cost of living increases due to covid and global pressures - no one who has even a basic understanding of GDP and inflation sees a problem with this.
Pushing down GDP, including to negative, by increasing interest rates is literally the mechanism used to combat inflation.
We are coming off massive inflation and resulting cost of living increases due to covid and global pressures - no one who has even a basic understanding of GDP and inflation sees a problem with this.