Global Central Banks Initiate New Rate Hike Cycle
Major central banks are deepening their rate-hike cycle to combat inflation driven by the Iran war, with the Fed projecting further tightening to reach the 4.25–4.50% range. The Bank of Japan has joined the hawkish shift, while the ECB and BoE signal readiness for additional measures as energy prices remain elevated.
GN markets/policy (en-US) reports that the Federal Reserve's latest projections indicate 16 of 18 officials expect at least one more 0.25% hike by year-end, with rates likely to land in the 4.25–4.50% range. Additionally, the piece notes that the Bank of England is on standby to tighten policy if inflationary pressures intensify further.
Source: Межа. Новини України.The Bank of Japan hiked rates Friday, following moves by the Fed and ECB. Energy costs from the Iran war drive the shift toward tighter policy.
Source: Global Banking & Finance Review
