Global Drop-In: Fed, ECB and Bank of England – Where next for interest rates?

Amid renewed fighting in the Middle East and volatile energy prices, policymakers are grappling with inflation risks that have by no means receded. How will major central banks respond in their July meetings? Join our economists on Thursday, 30th July, as they assess the latest decisions and guidance from the Federal Reserve, ECB and Bank of England, and explain what they mean for the outlook for interest rates. 

Senior economists from our US, Europe and UK teams will discuss the implications of the July meetings for our policy rate forecasts through 2026 and into 2027, highlighting what investors need to be watching and showing where our views differ from the consensus. During this 20-minute session, they will answer your questions as they address key issues, including:

• Federal Reserve: Why we expect the Fed to begin raising rates after the summer, with more tightening than markets anticipate.
• European Central Bank: Why we think the ECB has finished raising rates.
• Bank of England: Why we expect the MPC to remain on hold for now before ultimately cutting rates by more than the consensus expects.