Why do govts raise interest rates to slow the economy instead of tax rises? 721 viewsJanuary 1, 2024 Question100.55K June 23, 2023 0 Comments With interest rate rises, the people in the most debt suffer the most. With tax rises, the highest paid suffer the most, and the govt has extra revenue to help the ones struggling the most. This is never considered by any govt. Why not? In: 1129 29 Answers ActiveNewestOldest Anonymous Posted June 23, 2023 0 Comments Cheers for all the answers. I’m a Brit, our central bank is ‘independent’. The govt decides what they do and who the Governor is though. You are viewing 1 out of 29 answers, click here to view all answers. Register or Login
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