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High interest rates are product of high inflation. That's why 2% inflation target means 2 percent interest rate target. Nominal interest rate = inflation rate +
by raincom 4y ago
High interest rates are product of high inflation. That's why 2% inflation target means 2 percent interest rate target. Nominal interest rate = inflation rate + real interest rate.
- vba616 4y agoAre you agreeing with something I wrote, or disagreeing, or what? I wonder if HN has banned using ChatGPT to comment or is considering it.