'Worst of all worlds' scenario as central banks decide on interest rates
Markets are holding steady as the Iran conflict continues and the US decides on interest rates tomorrow. Slowing growth, rising prices is a 'worst of world' scenario for central banks, as 33 around the globe are now deciding which course to take in interest rates: up or down. So will they follow Australia, and hike rates? Or keep them steady, as expected in the USA tomorrow? We explore how these decisions will hit markets.
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