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Will rates go higher in Europe this week? Central banks confront stagflation threat

CNBC · Apr 29, 2026, 8:13 AM · Also reported by 2 other sources

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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.

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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.

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