Interest Rates Could Rise Again Across the World – Here's Why The end of summer has brought a familiar chill to financial markets as central banks consider tightening their grip on borrowing costs.
The European Central Bank has already raised rates to 2. 5% in response to inflation concerns, and the US and UK are poised to follow suit with decisions next week.
A key driver of this rate hiking trend is the ongoing conflict between the US and Iran, which has sent oil prices surging.