Rising rates: inflation vs bank balance sheets

<p>From the BBC World Service: After the Federal Reserve, it&#8217;s the turn of the Bank of England to make a decision on interest rates. Central banks are juggling two major concerns — inflation and stability in the banking sector. Since SVB collapsed, we&#8217;ve seen how higher rates affect the value of assets like bond portfolios held by banks. But in the UK, that decision may be clearer because inflation remains stubbornly high — markets are certainly expecting another rise. Meanwhile, there&#8217;s a tussle in the European Union over the date to phase out gas-powered and diesel cars. And, what&#8217;s it like doing business in Iraq 20 years after the U.S.-led invasion?</p>