Skip to main content

US Fed to press on with hikes; others in no hurry to follow

We still think the US Fed is likely to raise interest rates two more times this year and to start gradually shrinking its balance sheet in Q4. But the ECB will probably not start tapering its asset purchases until next year and will leave interest rate on hold (and negative) until 2019. The Bank of England looks likely to leave policy settings unchanged until the middle of next year, and the Bank of Japan is in even less of a hurry to scale back its policy support.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access