Will rates go higher in Europe this week? Central banks confront stagflation threat
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Europe's central banks are in focus this week as the European Central Bank and Bank of England release their latest monetary policy decisions against a backdrop of rising prices and growth fears. March data from the euro zone and the U.K. shows the Iran conflict is already weighing on economies, sparking fears of looming "stagflation" — slow growth, high inflation and rising unemployment. Both the ECB and BOE kept rates on hold in March as the war started to shake the global economy, and both
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