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The Guardian - UK
The Guardian - UK
Business
Heather Stewart Economics editor

Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UK

Rolled banknotes from various world currencies bundled together, showing portraits and colours
The US Federal Reserve, the Bank of England and the Bank of Japan are all due to make important rate-setting decisions this week. Photograph: Jason Lee/Reuters

Central bankers in economies including the US, Japan and the UK will face a moment of truth this week, as surging inflation raises the prospect of higher interest rates.

Policymakers in all three countries will set rates in the next seven days against the backdrop of turbulent global bond markets.

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