As the inflation reached near double digits recently reaching a 40-year high, national banks like the United States’ Federal Reserve and the Bank of England are implementing restrictive monetary policies. While tight monetary policies are being practiced now to bring down the inflation, fiscal policies like tax cuts and infrastructure investments are unleashed to enhance the economic growth. Fruits of growth-related policies would be enjoyed in the months to come; hope is that tight monetary policies should pay off within short duration.

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