The Impact of High Inflation on Society and the Role of Central Banks =============== #d8be2081 ver:0.12 Central banks face challenges in managing inflation, with pockets of inflationary pressures in certain sectors. Czech central bank considers interest rate cut, while Russia's central bank prepares to lift rates to curb inflation. Some economists suggest changing inflation target to 3% to avoid low-inflation trap. Factors like technological advancements and globalization contribute to disinflationary environment. Central banks must address challenges posed by changing economic forces. Paul Volcker's impact on high inflation discussed. Pakistan experiences high inflation, debate on effectiveness of high interest rates. #inflation #centralbanks #monetarypolicy... #newstr #Inflation #InterestRates #CentralBanks #Pakistan #Economy https://here.news/story/d8be2081?ver=0.12