Central banks indicate rising risk of near-term hikes

1st May 2026

We recently hosted an online Drop-In session to review the latest Fed, ECB and Bank of England decisions and what their communications imply for the future. (Recording available here.) This Update provides answers to some of the questions that we received. While risks have shifted towards near-term rate hikes, we still think that markets are overstating the ultimate reaction to higher energy prices.

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Central banks indicate rising risk of near-term hikes

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