Central banks tend to cut interest rates in circumstances like these to prop up demand and prevent inflation falling below the target.

It had to balance its budgets and prevent inflation.

By then it will be too late to prevent inflation taking hold, at least modestly.

The party was to advocate putting more money in circulation to reduce unemployment, and using wage and price controls to prevent inflation from occurring.

The goal of the act was to prevent inflation in the booming, fully employed wartime economy by setting price controls nationwide.