Us, Eu, Uk, and Japan All Freeze Interest Rates… Global Central Banks Frozen by Soaring Oil Prices

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Amid growing concerns that prices in various countries could skyrocket again if energy supply disruptions caused by armed conflict in the Middle East are prolonged, the European Central Bank (ECB), the Bank of England (BOE), and the Bank of Japan (BOJ) all froze their benchmark interest rates on the 19th (local time). Including the U.S. Federal Reserve (FRB) the previous day, central bank policymakers around the world have all opted for a freeze…