The cost of another rate hike will be paid by workers in the form of higher unemployment and lower real wages, Gustavo Indart writes.
  • EhForumUser ( EhForumUser@lemmy.ca ) Banned
    5·
    3 years ago

    Higher interest rates are the tough medicine we do need today to combat inflation.

    Interest costs were responsible for 30% of the CPI growth as of the latest figures. Higher interest rates will only send inflation higher.