Interest rate dilemma for central banks as inflation rises but growth slows - short news
The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war
New UK cost of living crisis looms as rising energy bills lift inflation
Inflation rates have been falling across the industrialised world, but fears that the Middle East war will raise oil prices means central banks are sitting on their hands when they should be raising interest rates to subdue inflationary pressures.
The US Federal Reserve, the Bank of England..
source: The Guardian - 16.08.2026