Why do interest rates always seem to go up once the banks have some sort of meeting. (In Australia anyway.)

Question

Why do interest rates always seem to go up once the banks have some sort of meeting. (In Australia anyway.)

In: 0

Answer 1

Central banks in US and Europe are increasing rates right now, to fight inflation (higher rate -> less borrowing -> less bying -> prices do not grow as fast).

once Russian war and other disruptions end, global economy will start to settle down, and they will start decreasing those rates.