The OECD expects the Federal Reserve and the European Central Bank to raise interest rates again this year, with rates expected to remain stable in 2027

The OECD expects the Federal Reserve and the European Central Bank to raise interest rates again this year and maintain interest rate stability in 2027. The OECD expects the Bank of Japan to raise its key interest rate to 2% by the end of 2027, while the Bank of England is expected to maintain interest rates unchanged for most of 2027, with the next policy action being a rate cut.