Banking body urges decisive wave of global rate hikes to stem inflation

Banking body urges decisive wave of global rate hikes to stem inflation

Plastic letters arranged to read “Inflation” are placed on US Dollar banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 26 (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised … Read more

UK inflation hits 40-year record, highest in G7

UK inflation hits 40-year record, highest in G7

Inflation hits 9.1%, highest since March 1982 UK has highest inflation rate out of G7 Food price inflation hits highest since 2009 Inflation to top 11% later this year, BoE predicts LONDON, June 22 (Reuters) – Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate … Read more