ECB and Bank of England to Maintain Interest Rates Amid Inflation and Economic Uncertainty
The European Central Bank (ECB) and the Bank of England are expected to hold interest rates unchanged amid rising inflation concerns and economic uncertainty. Headline inflation in the euro area rose to 3.0% year-over-year in April, while core inflation remained at 2.2%. The potential impact of the Iran war on energy prices and inflation expectations is a key concern for policymakers.
Topics: Bank of England ECB economic outlook energy prices inflation interest rates Iran war