Major central banks are deep into their push to raising interest rates as inflation continues

 
Central banks are rising interest rates in a bid to kill off inflation.

Interest rates are one of the tools at the banks’ disposal. However, the end game remains clouded.

Some analysts have warned financial markets may be impacted along the way, as recession fears begin to loom large.

Anna Bligh is the CEO of the Australian Banking Association, who said interest rates are causing people to feel the pinch.

“When the price of money goes up, then the impact falls on mortgage holders and some of those will be landlords who pass that onto the rental market.

“People right now are doing everything they can to manage, and you can only do that for so long,” she said.