G7 Central Banks Prepare for Rate Decisions Amid Rising Oil Prices

Central banks of G7 countries are set to make decisions on interest rates this week amidst rising oil prices, which have approached nearly $100 per barrel. The increasing risk of new inflationary pressure is a major concern for these institutions.

The focus will be on the US Federal Reserve, the Bank of England, and the Bank of Japan. Although most economists do not expect rate changes in the coming days, investors suggest that as early as September, a number of central banks may return to raising interest rates.

Rising oil and gas prices, massive investments in artificial intelligence, and uncertainty surrounding US President Donald Trump's tariff policy are cited among the main factors that could accelerate inflation again. The Fed may keep the rate unchanged but signal readiness for a possible increase in the fall.