Short-term borrowing costs jump to highest level since last summer as central bankers lift forecasts for price growth
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UK central bank has left rates on hold, and warned that CPI inflation will be higher in the near term as a result of the ‘new shock to the economy’ from Iran war Bank of England holds interest rates at 3.75% and…
ECB holds rates, warning Middle East tensions and oil risks could push inflation higher. Baseline sees 2.6% in 2026, but energy shocks could lift it to 3.5% or 4.4%, depending on how long supply disruptions persist.
The Iran war is pushing up "cost-push" inflation in Japan as opposed to the "demand-pull" inflation the BOJ seeks.
Powell has accused the DOJ of investigating him in retaliation for his refusal to lower interest rates as much or as quickly as Trump has demanded.
The fertilizer market is facing a double crisis: the Iran war is driving up prices, the Strait of Hormuz is blocked - and at the same time it is becoming clear how dependent Europe still is on Russian supplies.
Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question Middle East crisis – live updates The US may soon remove sanctions on Iranian oil stranded on tankers at sea,… Grouped from 3 articles across 3 sources.