Below is a CNBC video on the impact of higher interest rates which is now the case in many developed economies. As post-covid demand surges and supply chain problems exacerbate, inflation has started to impact many economies with higher prices and a cost of living crisis. In order to control this inflationary pressure central banks around the world have been forced to adapt a more contractionary monetary policy which means higher interest rates. The Reserve Bank of New Zealand even gets a mention. Good for revision of the flow on effects in an economy from higher interest rates.