Why do govts raise interest rates to slow the economy instead of tax rises?

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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?

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Anonymous 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.

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