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Business Matters: Are interest rates the key to reducing inflation?

Are interest rates the key to reducing inflation?

18/08/2022 GMT

BBC World Service - Business Matters, Are interest rates the key to reducing inflation?

The US Federal Reserve say rates will continue to go up in the short term.

The US Federal Reserve has committed to raising interest rates, but agreed that the rate of the hikes will eventually slow down.

Roger Hearing is joined by senior reporter at the Huffington Post Alexander Kaufman from New York and Moneeza Butt, partner at KPMG Pakistan in Karachi.

The US Federal Reserve say rates will continue to go up in the short term but there is still a long road ahead. 

Elon Musk’s tweets suggesting that he wanted to buy Manchester United caused markets to briefly jump by as much as 17%, before Musk clarified it was a joke.

Since 2019 AirBnb has banned parties advertised on social media. Last year, they began trying "anti-party technology" in Australia and now the company plans to roll it out in the US and Canada as well. 

(Picture: Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. Picture Credit: Getty Images).

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