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Central Banks Brace for Rate Hikes Amid Persistent Inflation

3/15/2026

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Story summary
  • Inflation persists, pressuring the Federal Reserve, the European Central Bank, and the Bank of England as policy decisions loom next week.
  • Bond yields have surged, signaling markets expect rate hikes rather than cuts.
  • The European Central Bank plans to raise rates in July and September.
  • The Bank of England faces an 82% probability of a hike this year, despite analysts warning that aggressive actions may be necessary to control inflation.