Gold Turnaround Story of 2018, page-1555

Raising rates is one means of controlling inflation, however it's a fine tipping point. They want inflation so that their debt becomes less valuable over time and their GDP grows relative to inflation but they won't want to devalue their currency significantly either.

The keynesian monetary policy levers are an extremely tight window to squeeze between, and often policy makers do not realise that recessions/set backs in the markets have a valuable part to play, as does producing surplusses rather than trying to devalue your debt.