Interest rates have stopped rising, but 2023 hikes could still cause recession for some economies
- Written by Alan Shipman, Senior Lecturer in Economics, The Open University
Central banks in the US, UK and Europe have been trying to slow inflation without creating a recession.eamesBot/ShutterstockCentral banks on both sides of the Atlantic kept their main interest rates unchanged for the fourth successive month in December 2023. These rates are closely watched because they set the minimum interest at which your bank...
