Donald Trump’s war against Iran may be over, but the repercussions for global monetary policy are here to stay.
With a shaky ceasefire largely holding following the US president’s onslaught in the Middle East, the path for central bank interest rates around the world has now shifted higher for years to come, according to Bloomberg Economics.
Its forecasts for borrowing costs, compiled here, show trajectories elevated by as much as half a percentage point or more through 2028 compared with those envisaged before the war. That’s both on BE’s global gauge for rates, and its measure for advanced economies.
