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Global Central Banks Fight Inflation: How Will It Affect Crypto?
The rate of inflation is now gaining international attention. The political system simply cannot conceal it any longer. It is annihilating cryptos.
The inflation rate, which has been significantly understated in recent years, is gaining international attention.
The political system simply cannot conceal it any longer.
Central banks have struggled to prevent inflation, owing primarily to their position as the lap dogs of the entrenched financial system.
As a result, a series of false and misleading policies were implemented, resulting in a negative impact on bank reputation and long-term damage to global markets.
The RBA Now Wants a Throw
Following the FED’s announcement of a 0.75 percent interest rate increase last Wednesday, the Reserve Bank of Australia (RBA) may be considering a rapid increase in interest rates. It is the largest interest rate increase since 2000 to (attempt to) cool soaring US inflation.
The Fed fired the first shot, and central banks began to chase it down before things got out of hand.
Earlier in June, the RBA surprised investors by raising interest rates by twice the amount predicted by analysts — a 50-basis-point…
