Interest rates: Further hikes all but guaranteed from ECB and US Fed

A look ahead to the decisions facing major central banks this week

Christine Lagarde, ECB president: With a quarter-point ECB rate hike this week all but guaranteed, all eyes will be on how Lagarde characterizes the ECB’s policy plans beyond July. Picture: Alex Kraus

Major central banks from across the world will meet in the coming week to set monetary policy as inflation seemingly continues to ease.

While the US Federal Reserve and European Central Bank are each expected to raise interest rates by a further 25 basis points, the greater focus will be on signalling from policy makers on whether more hikes are likely — or if they plan an extended pause.

Both fed chair Jerome Powell and ...