The base rate
The role of the base rate One of the central bank’s goals is price stability, and one of their tools for maintaining this is the base rate and changing it. What is the base rate? The base rate is a key interest rate that the central bank accounts for in the direction of commercial banks. […]
The deflation
What you need to know about deflation At first hearing, you may be happy about this, because then you will get products and services cheaper and cheaper. But the economic experts are not accidentally fighting to avoid deflation if possible. This can put the economy at a complete halt, so we need to take active […]
The inflation
The meaning of inflation Inflation is nothing more than a general and lasting rise in the price level. Accordingly, we cannot talk about inflation when the price of a few product has risen or there has been only a temporary rise. Inflation is a process, the rate of which is determined as a percentage of […]