For temporary moment yes rate rise will take away inflation but once inflation is under manageble level then they could lower the yields and rates even more we could imagine.
I play poker practically every day, and I wouldn't call it a bluff. It's more of a flight forward. The rulers and central bankers are faced with an economy that needs massive fiat printing like a junkie needs heroin. Since monetary policy is bringing bad consequences such as inflation, they have no choice but to raise rates. But if they raise rates, the economy, economic growth will suffer, because it is as if the junkie starts to get the jones.
Therefore, I believe that they are going to push and raise the minimum, and at the slightest sign of a financial crash or serious problem, they are going to go back to printing as if there were no tomorrow.
This is a problem that started in 1971, which has been getting bigger and bigger.
