ECB and BoE warn of interest rate rises as central banks grapple with Middle East shock
Rate-setters indicated they may need to raise borrowing costs if energy price surge triggers persistent inflation
- Average price of gas in California edges past $6 a gallon, highest level in four years The Guardian —
- Fed’s preferred inflation gauge hits 3-year high as gas prices spiked on Iran war NY Post —
- Bank of England holds interest rates at 3.75% - is this good news for the economy? 📹 Sky News — · 3min
- Inflation hits nearly 3-year high as gas prices spike 21% in one month Scripps News —
- Gas prices get worse as Iran war enters second month CBS News —