SYDNEY and KUALA LUMPUR, Feb 01 (IPS) – Inflation hawks are winning the day. The latest ‘beggar thyself’ race to raise interest rates has begun. This ostensibly responds to the spectre of runaway inflation, supposedly retarding economic growth and progress, and thus threatening central bank ‘credibility’.Read the full story, “Inflation Paranoia Threatens Recovery”, on globalissues.org →
