UN Agency Warns Central Banks on Interest Rate Hikes
Posted on 10/08/2022
On October 3, 2022, the United Nations Conference on Trade and Development (UNCTAD) issued a warning to central banks (implicitly at the U.S. Federal Reserve) to not increase interest rates. Central banks around the world are trying to contain inflation from decades of QE policy and recent money printing stemming from COVID-19 lockdowns. Geneva-based UNCTAD…
