(Picture: PA Wire)
TWO of the most powerful central banks in the world are poised to put up interest rates this week as they battle runaway inflation – but there are warnings that could just cause further turmoil to economies battered by the Ukraine war.
With Chancellor Rishi Sunak under pressure to come to the aid of households about to be biffed by soaring energy prices, the Bank of England and the US Federal Reserve seem certain to raise borrowing costs.
