world interest rates inch up

  1. 10,399 Posts.
    This week Europe and China raised interest rates in real fear of inflation.

    China's up coming inflation figure is likely to show a rate over 6% but that is just one part of a very ugly global scenario.

    Many countries are raising rates in response to rapid inflation increases and there is a growing feeling that stagflation will move like a wave locking many countries into a battle with super inflation, dropping trade and rising unemployment.

    Looking into next year currency and trade wars could reach very public levels but before then China must have an economic cool off which will, strangely, aggravate the global situation.

    Ugly is becoming uglier.

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