Central banks try to bring inflation under control | Counting the Cost

Al Jazeera English published this video item, entitled “Central banks try to bring inflation under control | Counting the Cost” – below is their description.

The cost of living keeps sliding higher and central banks have sprung into action.

The United States Federal Reserve, the Bank of England and the Swiss National Bank all increased their key interest rates, and the European Central Bank has indicated it will move in a similar direction in July.

Targeting inflation is part of a central bank’s main goal and it helps to maintain price stability, but it has not been working, for a variety of reasons. We have seen protests around the world because of the higher cost of food and services in the past week.

A little inflation can be a good thing, if everyone’s salary rises at the same pace as prices, but that has not been the case. We ask what central banks and governments can do.

Subscribe to our channel http://bit.ly/AJSubscribe

Follow us on Twitter https://twitter.com/AJEnglish

Find us on Facebook https://www.facebook.com/aljazeera

Check our website: http://www.aljazeera.com/

@AljazeeraEnglish

#Aljazeeraenglish

#News

Al Jazeera English YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

Recent from Al Jazeera English:

Can international justice stop israel? | inside story 1

Can international justice stop Israel? | Inside Story

A prolonged dry spell across the Indian-administered Kashmir

US march for life: Abortion rights likely issue in Nov election

In This Story: Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

4 Recent Items: Bank of England

Will the Bank of England Cut Rates in 2024?

Will the Bank of England Cut Rates in 2024?

Halligan BLASTS Bank of England and predicts FALL in interest rates

Bank of England’s Andrew Bailey answers questions on financial stability report – watch live

In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

5 Recent Items: Inflation

Red Sea tension upsets Yemeni fishermen’s livelihood

Impact inflation, living costs have on birth rates and Canadians on parental leave

Davos 2024: Biggest Takeaways From the World Economic Forum

Fed rate cuts: Labor data will make ‘last mile less difficult’: Economist

Trump Back in White House? Lagarde Says ‘Let Me Have Some Coffee’

In This Story: United States

The United States is a country also known as the United States of America, USA, US or just America. There are fifty states in the union, which is a federal republic ruled by a representative democracy. Nearly ten million square kilometres are inhabited by over 300 million people. The majority of Americans speak English.

4 Recent Items: United States

Why The World Is Rushing Back To The Moon

US march for life: Abortion rights likely issue in Nov election

US mulls seizing $300 billion in frozen Russian assets for Ukraine | DW News

North Korea and the new Cold War | 60 Minutes Full Episodes

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.