Mmastodon BusinessEconomy first seen 2 h ago, last 15 min ago, peak #10

Critics Blast Central Banks for Rate Hikes Over Gulf War Inflation

Original: The madness of raising # interest rates to tackle # inflation caused by the war in the Gulf continues worldwide. # Centr

Commentators are attacking central banks worldwide for continuing to raise interest rates in response to inflation driven by the Gulf war. Critics argue the policy is irrational, since rate hikes cannot address supply-driven price rises caused by conflict, and accuse bankers of misreading the crisis. The debate reflects broader frustration with monetary policy as inflation persists despite aggressive tightening.

Why now: Central banks are still raising rates to fight war-driven inflation, angering critics who see the policy as ineffective.

Central banksGulf war

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Evidence

• The madness of raising # interest rates to tackle # inflation caused by the war in the Gulf continues worldwide. # CentralBanks # banksters https://www. taxresearch.org.uk/Blog/2026/0 9/29/the-irrationality-of-central-banks/#gsc.tab=0 · AlexandraB · 2

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