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How does raising interest rates control inflation?
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why. 00:00 - Why should you care about rising interest rates? 00:45 - What are interest rates? 01:36 - What do central banks do? 02:14 ...
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22K views · 355 reactions | BREAKING: The rate of inflation rose to 10.1% in September, according to official figures released, as the economy reels from the effects of rising prices and the fallout from the mini-budget. Sky's Paul Kelso has the latest. #KayBurley https://trib.al/Rx0iR33  Sky 501, Virgin 602 | Sky News | Facebook
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FacebookSky News
22K views2 weeks ago