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Gadget Gear: Local Stores Open Now!
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Taming Inflation: Raising Interest Rates as a Weapon
Inflation remains a pressing issue for many economies worldwide. As prices soar, central banks often employ interest rate hikes as a key tool to stem inflation's growth. Boosting interest rates, central banks seek to make borrowing costlier. This can dampen consumer and business spending, which in turn can slow down inflation. Nevertheless, inte