Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan    </title>
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A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices

The Federal Reserve and other central banks around the world have raised interest rates..."/>
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A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices

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    <h1 class="cat-box-title">Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices</em></p><p style="text-align:justify">The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume increases due to better yields.</p><p style="text-align:justify">It becomes more expensive to consume rather than save for the future as interest rates are higher. Therefore, the demand for goods reduces, leading to a drop in their prices. This leads to a reduction in wages being paid and a sustained drop in price levels which theoretically forestalls an inflationary spiral.</p><p style="text-align:justify">Raising rates is the first tool for monetary intervention as it is the quickest way to drain excess liquidity in the market. When interest rates go up, real rates also rise, leading to the burden on the borrower increasing in real terms.</p><p style="text-align:justify">Banks operate using a fractional reserve banking system wherein an initial amount of deposit grows multifold due to loans issued using the deposit. However, when rates are raised, this system of monetary expansion works in the opposite manner, contracting exponentially when debt is paid off or defaulted.</p><p style="text-align:justify">Moreover, new loans are more expensive, and therefore, new borrowing slows down, decreasing inflationary pressures regardless of debt defaults or settlements. Another critical facet is the correction of asset prices. Interest rates act as gravity to stock prices. The main reason why stock prices drop when rates rise is due to lower consumption and, therefore, a nominal decline in profit.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true" title="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true" class="re" target="_blank">The Hindu, 2 October, 2022, https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan    </title>
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A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices

The Federal Reserve and other central banks around the world have raised interest rates..."/>
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A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices

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    <h1 class="cat-box-title">Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices</em></p><p style="text-align:justify">The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume increases due to better yields.</p><p style="text-align:justify">It becomes more expensive to consume rather than save for the future as interest rates are higher. Therefore, the demand for goods reduces, leading to a drop in their prices. This leads to a reduction in wages being paid and a sustained drop in price levels which theoretically forestalls an inflationary spiral.</p><p style="text-align:justify">Raising rates is the first tool for monetary intervention as it is the quickest way to drain excess liquidity in the market. When interest rates go up, real rates also rise, leading to the burden on the borrower increasing in real terms.</p><p style="text-align:justify">Banks operate using a fractional reserve banking system wherein an initial amount of deposit grows multifold due to loans issued using the deposit. However, when rates are raised, this system of monetary expansion works in the opposite manner, contracting exponentially when debt is paid off or defaulted.</p><p style="text-align:justify">Moreover, new loans are more expensive, and therefore, new borrowing slows down, decreasing inflationary pressures regardless of debt defaults or settlements. Another critical facet is the correction of asset prices. Interest rates act as gravity to stock prices. The main reason why stock prices drop when rates rise is due to lower consumption and, therefore, a nominal decline in profit.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true" title="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true" class="re" target="_blank">The Hindu, 2 October, 2022, https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan    </title>
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A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices

The Federal Reserve and other central banks around the world have raised interest rates..."/>
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A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices

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    <h1 class="cat-box-title">Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices</em></p><p style="text-align:justify">The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume increases due to better yields.</p><p style="text-align:justify">It becomes more expensive to consume rather than save for the future as interest rates are higher. Therefore, the demand for goods reduces, leading to a drop in their prices. This leads to a reduction in wages being paid and a sustained drop in price levels which theoretically forestalls an inflationary spiral.</p><p style="text-align:justify">Raising rates is the first tool for monetary intervention as it is the quickest way to drain excess liquidity in the market. When interest rates go up, real rates also rise, leading to the burden on the borrower increasing in real terms.</p><p style="text-align:justify">Banks operate using a fractional reserve banking system wherein an initial amount of deposit grows multifold due to loans issued using the deposit. However, when rates are raised, this system of monetary expansion works in the opposite manner, contracting exponentially when debt is paid off or defaulted.</p><p style="text-align:justify">Moreover, new loans are more expensive, and therefore, new borrowing slows down, decreasing inflationary pressures regardless of debt defaults or settlements. Another critical facet is the correction of asset prices. Interest rates act as gravity to stock prices. The main reason why stock prices drop when rates rise is due to lower consumption and, therefore, a nominal decline in profit.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true" title="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true" class="re" target="_blank">The Hindu, 2 October, 2022, https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan

Published on Oct 2, 2022   Modified on Oct 3, 2022

-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume increases due to better yields. It becomes more expensive to consume rather than save for the future as interest rates are higher. Therefore, the demand for goods reduces, leading to a drop in their prices. This leads to a reduction in wages being paid and a sustained drop in price levels which theoretically forestalls an inflationary spiral. Raising rates is the first tool for monetary intervention as it is the quickest way to drain excess liquidity in the market. When interest rates go up, real rates also rise, leading to the burden on the borrower increasing in real terms. Banks operate using a fractional reserve banking system wherein an initial amount of deposit grows multifold due to loans issued using the deposit. However, when rates are raised, this system of monetary expansion works in the opposite manner, contracting exponentially when debt is paid off or defaulted. Moreover, new loans are more expensive, and therefore, new borrowing slows down, decreasing inflationary pressures regardless of debt defaults or settlements. Another critical facet is the correction of asset prices. Interest rates act as gravity to stock prices. The main reason why stock prices drop when rates rise is due to lower consumption and, therefore, a nominal decline in profit. Please click here to read more.

The Hindu, 2 October, 2022, https://www.thehindu.com/business/Economy/rationale-behind-raising-interest-rates/article65960316.ece?homepage=true

Tagged with: Interest rate Inflation retail inflation consumer demand

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