3 ms·
> First rate hike in 17 years this year That does NOT mean interest rates were negative. Negative interest rates were only applied in 2015 [0] > Government d
by alephnerd 2y ago
> First rate hike in 17 years this year
That does NOT mean interest rates were negative.
Negative interest rates were only applied in 2015 [0]
> Government doesn't set the inflation rate.
Typo. I meant interest rates.
[0] - https://fred.stlouisfed.org/series/IRSTCI01JPM156N https://fred.stlouisfed.org/series/IRSTCI01JPM156N
- soperj 2y ago> That does NOT mean interest rates were negative. You're being pedantic. Your graph shows interest rates have been essentially under 0.5 for 30 years. At no point is that a hammer being used to curtail inflation, which was the point.