Central Banks Edge Closer to Rate Hikes Amid Inflation Concerns

The world's major central banks are poised to raise interest rates in September as inflation concerns prevail and economic outlook improves. This move comes at a critical time for the global bond market, which is already under pressure from monetary policy and debt sustainability concerns.

ING's economists and strategists will discuss these developments in an upcoming webinar, exploring the implications of rate hikes on various markets. The event will focus on the Federal Reserve, European Central Bank, Bank of England, and Bank of Japan meetings scheduled for September.

The Fed is reportedly edging towards a rate hike this month, despite data that may not necessarily support it. Meanwhile, the ECB's rate hike could be its last, while the bar remains high for a Bank of England rate hike, with rate cuts still likely in 2027.