The European Central Bank and Bank of England are expected to hold their nerve and stand pat on rates this month.

Critical week for global economy as banks expected to issue warnings over conflict driving up prices

The European Central Bank and Bank of England are expected to hold their nerve and stand pat on rates this month.

ECB interest rate decision looms as growth across bloc stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro zone since the war in Iran began.