Global Rates Rise Amid Inflation Pressure | Europe News

Inflation’s grip is tightening, forcing central banks worldwide to brace for more rate hikes as energy prices climb and Middle East tensions simmer. The ECB just raised rates by 25 basis points, while the US, Japan, and Australia prepare for their own pivotal meetings. Australia’s RBA has already hiked three times this year, now at 4.35%, with another likely after hot inflation data. Norway’s central bank may be nearing the end of its tightening cycle, holding steady at 4.25% amid slowing growth. The UK’s BoE is expected to keep rates at 3.75%, but markets bet on a hike before year-end. The Fed faces a 50% chance of hiking next week, fueled by strong jobs and hawkish signals. New Zealand hikes again but signals caution ahead. Canada holds steady but warns of multiple hikes if inflation persists, amid cooling labor markets and trade risks. Sweden’s Riksbank stays put at 1.75% with lower-than-expected inflation. Japan’s big meeting looms — any hawkish move could rally the yen. Switzerland maintains zero rates, with a strong franc helping curb inflation despite rising prices and growth signs. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e554dfe049ed7d38