Central Banks Take Divergent Paths in Battle Against Inflation

Central banks’ contrasting policy decisions highlight the uncertain global economic recovery and inflation control struggles. The Fed paused but signaled future rate increases, China cut rates due to faltering recovery, and the ECB raised rates amidst inflation concerns. The Bank of England’s decision is anticipated, while NatWest and Nationwide raised mortgage rates. Central banks face criticism and the need for effective communication to regain public confidence.