(MENAFN) As nations all around the world prepare to face the rising inflation as well as high living costs, with several hiking up interest rates, a US-based economist has called on countries to set their economic strategies in line with the detailed obstacles they are dealing with.
"Each country has different challenges. I would say that each country has to learn from its successes and mistakes," Joshua Aizenman, the economics head at the University of Southern California, informed Anadolu Agency throughout a meeting in Istanbul on the financial change the world is experiencing.
There is no force on cutting or rising interest rates, Aizenman stated at the Economic Transformation and New Paradigms Summit, also mentioning that it is why levels are not set by a processer.
While the aggressive central bank postures and hawkish interest rate rises that began to be talked about at the end of the previous year were certain in most nations, some nations stayed more unsure around fixing rates.
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