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 increase. As a result, the Bank stated that it would do everything in its power to keep inflationary pressures in check.
Markets anticipate that future interest rates will be tied to a FED-sized rate hike, with the RBA raising rates by 75 basis points in July or August.
The RBA is not the only central bank to have intervened. Australia has joined a group of more than 50 central banks in raising interest rates by more than 50 basis points this year.
Christine Lagarde, President of the European Central Bank (ECB), reaffirmed the ECB’s plan to increase interest rates more aggressively in July and September.
Many other central banks around the world, like the RBA and ECB, are struggling to combat higher-than-expected inflation caused by supply chain and energy disruptions caused by the conflict between Russia and Ukraine, as well as an embargo caused by the pandemic in China.