Central Banks Turn Hawkish Again as Oil Shock Stokes Inflation
5 Articles
5 Articles
Central banks turn hawkish again as oil shock stokes inflation
Interest rate hikes are now a global trend, marking the longest monetary tightening since 2023. The West Asia oil shock has driven headline inflation higher in major economies. Central banks like the US Fed and Bank of England are expected to raise rates this week. The European Central Bank has already implemented two rate increases since the conflict began.
The European Central Bank (ECB) and the Hungarian National Bank (MNB) are sandwiched between key decisions by the US, UK and Japanese central banks this week. This means that investors will once again need to be vigilant, as in addition to geopolitical news, central banks' communications may also contain surprises due to increasing inflation risks.
The Federal Reserve, the Bank of England and the Bank of Japan hold monetary policy meetings this week.
The Fed, the Bank of England and the Bank of Japan face decisive decisions as the oil surge refuels inflation and the G20 debates global energy security in Houston.
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