Monetary Policy: Interest Rates, Credit, and Community Dreams
When central banks raise rates, the bakery across the street delays its second oven, stretching shifts instead. The owner jokes about dough proofing longer than loan approvals, but the trade-offs feel serious to everyone.
Monetary Policy: Interest Rates, Credit, and Community Dreams
A stronger currency cheapens imported flour, yet makes tourist rooms pricier abroad; a weaker one does the reverse. Our café started hedging coffee beans after a volatile season surprised budgets and loyal morning regulars.