Is raising interest rates the only way of controlling inflation? (15 other ways)

Other options are:

1) Privatise & de-regulate (this depends on the assertion that such increases productivity and competition - which isn't always true)

2) Reduce government spending

3) Increase tax, and/or impose windfall taxes on those whose profits have soared due to commodity price hikes

4) Regulate wage increases (seen as unthinkable in our post Thatcher economics era)

5) Regulate commodity price increases (as 4) above)

6) Regulate profit margins (as 4) above but also address Banks widening their net interest margin, (which is the gap between what they pay savers and what they charge borrowers).

7) Regulate profiteering/greedflation (price increase by suppliers not justified by their costs increasing)

8) Split up monopolistic industries to increase competition

9) Move from commodity energy sources like gas and oil to free (but investment required) sources like solar, wind and tidal - this helps avoids commodity price hikes due to cartels or wars

10) Reduce the money supply

11) Build more social housing which isn't sold,but which the state/charity owns, with the requirement to set rent at afforable prices that cover maintenance/admin costs rather than at market rates

12) Loosen immigration controls to make more labour available, (but this can affect productivity)

13) Better support for those on low incomes, so the social/health cost of dealing with them is reduced

14) Make it compulsory for individuals to save more (as 4) above)

15) Regulate banks so that, as borrowing interest rates increase, so does interest paid on savings (at the moment in these time of oncreasing borrowing interest rates the Banks have benefitted by widening their net interest margin, which is the gap between what they pay savers and what they charge borrowers).

PS - On raising interest rates, note

- it can take up to 18 months for a interest rate increase to reduce the demand for mortgages

- in the UK, increased interest rates can mean buy to let landlords sell their properties and exit the renting market, therefore reducing rental property supply and so increasing rent costs