Bloomberg Predicts Prolonged Period of High Interest Rates
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Bloomberg Predicts a Prolonged Period of High Interest Rates

According to a forecast by Bloomberg Economics, the global economy is set to face a prolonged period of higher interest rates. According to the agency, by the end of 2026, this rate will stand at 5.10%, up from the 4.41% projected in January—that is, before the outbreak of hostilities in Iran.
Irina Covalenco Reading time: 1 minute
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Bloomberg Economics’ July forecast notes that the average policy rate of central banks in the world’s leading economies will remain elevated until at least 2028.

The rate is expected to fall to 4.50% by the end of 2027, with a deviation from the January forecast of 0.75 percentage points. In 2028, this difference is expected to remain at around 0.50 percentage points.

According to Bloomberg, the report reflects inflationary risks. These are linked to the consequences of the energy crisis caused by the suspension of shipping through the Strait of Hormuz during the war in Iran, as well as the active adoption of artificial intelligence technologies. The Bloomberg Economics forecast covers 23 countries, which account for 90% of global GDP.


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