In recent years, many governments tried to fight inflation at the expense of growth.

It has concentrated its interest rate policy on fighting inflation.

It has the most powerful economy, and is fighting inflation while the others want to fight recession.

There is more talk of economic growth and job security as issues that should be higher on the national agenda than fighting inflation.

It also means Government spending is under control, so they don't have many ways to fight inflation.

Moreover, there are questions about Washington's resolve to fight inflation.

So he has turned to a stiff increase in basic interest rates to do the job of fighting inflation for now.

But confidence in the Fed's ability to fight inflation also played a role.

And the lack of economic activity will help to fight inflation.

The basic focus of economic policy will continue to be fighting inflation, Government sources said.