The era of low interest rates is ending. Can higher lending costs beat back the soaring consumer prices without triggering an economic crisis? After a decade of extra–ordinarly low, and in some cases even negative – interest rates, central banks are scrambling to turn off the easy money taps as prices for food, energy, and housing skyrocket around the globe. What does it mean for consumers, and developing markets, who are already feeling the pinch? DW Business looks at how we got here and where we're headed.
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#economy #inflation #consumers
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