Analysts’ views: forecasters have grown more hawkish in October

In October, financial analysts have become more optimistic about potential interest rate hikes, with expectations for higher rates in 2027 for the Bank of England and Bank of Japan. For the Federal Reserve and ECB, the outlook has also edged upward, though more modestly. This shift suggests a growing belief that central banks may need to tighten monetary policy further to combat inflation, signaling a significant change in economic strategy that could impact borrowing costs and economic growth.