Global central banks unleashed a large amount of policy tightening this week, led by the Federal Reserve that delivered a bigger-than-expected 75 basis points hike on Wednesday, as policymakers across the world are increasingly worried about the persistence of runaway inflation and the prospect of a recession.
Read more: Federal Reserve Raises Interest Rates By The Most Since 1994
In Europe, the European Central Bank grew concerned over the rising peripheral bond yields and signaled on Wednesday that it is preparing a new tool to address the fragmentation risk in the euro area.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.