J.P. Morgan has pushed back its forecast for the Bank of England’s next interest rate hike to November, tearing up its previous prediction of a July increase after the central bank chose to hold rates steady at 3.75%.

The Federal Reserve kept rates unchanged, but new Chair Kevin Warsh’s tougher anti-inflation message pushed investors to price in another rate hike before the end of 2026.

Japan’s central bank has raised interest rates to a three-decade high, citing inflationary pressures linked to rising global energy costs driven by the United States–Israel war on Iran.

The European Central Bank has raised interest rates for the first time since 2023, citing rising inflation linked to the ongoing war in Iran.

The European Central Bank (ECB) on Thursday kept key interest rates unchanged as heightened geopolitical tensions weigh on the outlook of inflation and economy in the euro area.

The Bank of England (BoE) announced a quarter-point cut in its benchmark interest rate on Thursday, lowering it from 4.25% to 4%, but the decision exposed a sharp split among its policymakers.