After the shock of the corona crisis and the shock of energy prices, the economy is facing a new shock: the interest rate shock. Central banks around the world hope to control inflation by raising their interest rates at lightning speed. Those high interest rates are a new financial policy that breaks with the recent past. How the global economy will respond is not yet clear. But what is certain is that, by doing so, central banks and governments are making ordinary people bear the consequences of inflation. What is going on and how can we avoid being the ones who are losing out again?
