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Ending inflation involves implementing monetary and fiscal policies to control the supply and demand of money and goods, stabilize prices and maintain a low inflation rate. Central banks may adjust interest rates, control the money supply, and regulate borrowing. Governments may also implement fiscal policies such as controlling government spending and taxation. Maintaining a stable exchange rate and promoting economic growth can also help combat inflation.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.
Download our app and start gaining insight into your current and future finances.
