play Live Sign upShow navigation menuplay Live Click here to searchsearchSign upplay videoplay videoVideo Duration 02 minutes 08 seconds play-arrow02:08Counting the CostCan central banks curb inflation as energy costs rise?Central banks hold rates steady as energy shock tests inflation fight.
Caught between rising inflation and slowing growth, the United States Federal Reserve, the European Central Bank and the Bank of England are keeping interest rates and borrowing costs steady.
That’s despite rising energy bills, fuel and food costs squeezing businesses and households worldwide.
The International Monetary Fund is warning of a global slowdown, and no one knows how long the energy shock set off by the US-Israel war on Iran will last.
The impact will be felt hardest in emerging markets and developing nations. Central banks face a tough choice: fight rising prices or support a weakening economy.
