Economy

Interest rates will fall in second half of 2024, Barclays executive predicts

Julien Lafargue, chief market strategist at Barclays Private Bank, believes interest rates have peaked across the developed economy

Julien Lafargue, chief market strategist at Barclays Private Bank said: ‘We think that across the developed economy, interest rates have peaked’

A senior executive at Barclays Private Bank has said he expects interest rates to fall in the second half of next year, in what could be good news for borrowers.

Last month the European Central Bank (ECB) decided not to raise interest rates at a meeting in Athens, breaking the longest streak of interest rate hikes in its history.

Since July 2022, the ECB has made ten successive moves to raise interest rates in a ...