Now - conventional western wisdom holds that by raising or lowering interest rates - central banks can curb or_____________ inflation. Apart from the immediate impact of rate changes - central bankers supposedly _____________ the power to anchor future inflationary expectations by signalling the future course of interest rates. _____________ - some economists believe that the central bank _____________ only one aim: to target inflation - and not get distracted by other tasks like influencing GDP growth or exports.

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Now - conventional western wisdom holds that by raising or lowering interest rates - central banks can curb or_____________ inflation. Apart from the immediate impact of rate changes - central bankers supposedly _____________ the power to anchor future inflationary expectations by signalling the future course of interest rates. _____________ - some economists believe that the central bank _____________ only one aim: to target inflation - and not get distracted by other tasks like influencing GDP growth or exports.






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