JPMorgan: Eight of Nine Developed-Market Central Banks to Lift Rates Soon
Dow Jones
Yesterday
JPMorgan Chase analysts expect eight of the world's nine developed-market central banks to lift interest rates before the end of the year in efforts to tame sticky inflation and commodity price pressures.
In a research note published Thursday, the analysts said they expect rate hikes from the Federal Reserve, Bank of Japan and European Central Bank, as well as from central banks in Australia, New Zealand, the United Kingdom, Norway and Sweden.
They forecast the Bank of Canada to be "the lonesome dove."
JPMorgan said its base case was for the Fed to hold rates next week and lift them in December. The ECB raised rates Thursday, and JPMorgan expects a further hike before year end.
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