Mortgage holders in the eurozone are forced to make higher repayments as the European Central Bank increases interest rates by half of one percent.

Turkey’s President Recep Tayyip Erdogan has vowed to rein in the country’s alarmingly surging inflation and reaffirmed his support to low interest rates, despite growing skepticism over his economic policies.

A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that the Bank of England will raise interest rates next month.