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      • Member Type:
      • Student or Learner
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Aug 2007
    • Posts: 96
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    #1

    inflation-busting

    what does "inflation-busting" mean? does it mean price increases which has something to do with inflation? here's some examples:

    Since the Bank of England cut the base rate in August and lenders followed suit by slashing interest rates, it has been a struggle for savers to find inflation-busting accounts

    Inflation-busting price hikes on top of already high fares will make for an unhappy passenger new year.

    It looks like the Government has decided to collude with the train companies to tackle overcrowding with inflation-busting rises that will force people off the rail network

    thanks a lot!


    • Join Date: Oct 2006
    • Posts: 19,448
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    #2

    Re: inflation-busting

    Welcome to the forums!

    It means to break the spiralling effects of inflation by vigorous action in financial controls.

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