European Central Bank and Bank of England to Decide on Monetary Policy Amid Stagflation Fears
The European Central Bank (ECB) and Bank of England (BOE) are set to release monetary policy decisions amid rising inflation and concerns over stagflation. Inflation in the euro zone and U.K. has exceeded their respective targets, but economists expect both central banks to maintain current interest rates at 2% and 3.75% respectively, despite market expectations of hikes.
Topics: central banks economic growth inflation Iran conflict monetary policy stagflation