Quote from: Alpha Marine on Today at 09:10:41 AM

Quote from: Joshapat on June 02, 2023, 02:57:45 PM

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Inflation is a very big problem that the world is facing currently. Somehow I feel it's worst in my country. Right now the inflation rate is above 30%. The worst part is, I don't see an improvement anytime soon.
The interest rate was increased last month from 18% to 18.50%. The increased interest rate just seems to make matters worst.
Higher interest rates are supposed to mean higher borrowing costs, which will make people spend less and thereby reduce inflation, but the reverse is the case in my country.
And knowing my country, the inflation rate will just keep increasing and the dullards at the central bank will just keep increasing interest rates without stopping to check if there are other things they can do to fight inflation.
It's frustrating and scary at the same time when you think about the fact that it can only get worst.

I understand your mood, but I see that is the general situation of the world, and one more thing, besides raising interest rates, I have not seen a better solution to fight inflation. I have also studied inflation, and even economists have not found a more effective solution than raising interest rates to control inflation.

This is a global situation that even developed countries cannot avoid. So instead of cursing and blaming the government, we should try to save ourselves because they will keep raising interest rates because that's the only solution.