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inflation (3)

Zimbabwe Inflation Hits Highest Level Since 2008

The inflation rate in Zimbabwe has hit its highest level since 2008, this is when they were forced to adopt the US dollar in 2009. The inflation rate soared from 5.39 percent in September to 20.85 percent in October. Along with the US dollar, Zimbabwe has a parallel “bond note” that collapsed shortly after this spike. This has forced businesses to triple their prices and has many Zimbabwe citizens fearing that the hyperinflation that happened to their original currency is happening…

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Inflation Prevention with Monetary Policy

ECON 6644 - 02 

“Monetary policy is directly responsible for economic and financial stability”

This article discusses how central banks around world play the top role at controlling the economy’s life. They should know and see everything in order to properly act on it in a timely manner. Without this and proper monetary policies, a financial crisis is bound to happen. In the last major financial crisis, the US and EU were very affected. Both these countries monetary policies and…

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