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PUBLISHER: Freight News (

Global interest rates are rising on the back of spiralling inflation and supply chain disruptions that could intensify if further lockdowns are implemented in China, economists have warned.

Bureau for Economic Research (BER) economists noted in their Weekly Review on Monday that inflation had hit a fresh 40-year high in the United States, while the European Central Bank (ECB) and SA Reserve Bank (SARB) were both expected to respond to economic pressures with further interest rate hikes this week. The market has already priced in a Federal Reserve Bank interest rate hike of 75 basis points ahead of its committee meeting next week.

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