Indices 03/04, page-106

Defeats the purpose of bringing down inflation if you over tighten in a global hightened inflationary enivronment. Rates go up, rents go up, production prices go up because rates go up, in fact everything goes up when rates goes up as cost of capital goes up. It's so 1970s to destroy demand to bring down inflation when cost of capital is rising. Because everything goes up with it. Increasing supply to meet demand is the right solution and better supply chains is likely the only key to unlock lower inflation not economic destruction