31. In addition, both Duisenberg and Trichet are respected central bankers with proven track records on fighting inflation. 32. In its efforts to fight inflation, the Federal Reserve raised interest rates several times last year. 33. In fighting inflation, the central bank has raised interest rates and allowed the Czech koruna to strengthen in real terms. 34. In part, it was supposed to make up for limits on worker salaries imposed to fight runaway inflation. 35. In recent months, the Bank of Thailand has tightened monetary supply in a bid to fight inflation. 36. In exchange for the ADB loan, South Korea pledged to establish an independent agency to supervise banks and refocus the central bank on fighting inflation. 37. In the past, Brash has said that a central bank can only fight inflation. 38. Inflation Fight The Bank of Israel has been using higher interest rates to fight inflation. 39. It would also make the Treasury responsible for keeping interest payments and amortization within budgetary limits to help fight inflation, Ellis said. 40. It starts with the obsession about fighting inflation on the home front, an overblown anxiety that is reflected in the constant analysis of one economic report or another. |