Have interest rates peaked? | Business and economy
The US Federal Reserve is keeping its rates unchanged while the European Central Bank is signaling a pause in its monetary tightening policy.
Countries around the world have been hit by multiple crises that have sent prices skyrocketing, including pandemic-related supply bottlenecks, fallout from the war in Ukraine and an energy crisis.
Food, electricity and even the Internet have become very expensive.
Central banks around the world have been rushing to raise interest rates in near-synchrony to keep inflation in check. Now, after more than 18 months of the most aggressive monetary tightening in decades, governors are hinting that the measure may be nearing its peak.
Elsewhere, we speak with the Philippine finance minister.
Furthermore, we wonder: why do workers quit right after being promoted?
aljazeera
