Why central banks should stop raising interest rates
- Written by Muhammad Ali Nasir, Associate Professor in Economics, University of Leeds
Mortgage borrowers breathed a sign of relief following a recent pause in the Bank of England’s 14-month campaign of base rate hikes.
Led by the US Federal Reserve, many of the world’s major central banks, including the European Central Bank (ECB) and the Bank of England, have been hiking their main rates of interest for more than a year...