According to Jin10 data reports, Federal Reserve Chairman Powell stated that tariff risks have not yet manifested, making it difficult to cut rates before autumn. BNP Paribas believes that tariffs have little impact on prices, while Goldman Sachs expects the chance of a rate cut in September to be slightly above 50%.
The European Central Bank is concerned about the appreciation of the euro and export pressure, and may cut rates in the autumn. Deutsche Bank expects rate cuts to alleviate the impact of tariffs, while ANZ predicts sluggish growth in the eurozone, with a 25 basis point cut in September.
The Bank of England faces a dilemma with sluggish economic growth and high inflation. Goldman Sachs expects rate cuts to begin in August, while Bank of America predicts multiple rate cuts in the second half of the year.
The Bank of Japan avoids the worst tariff situation, but tariffs impact export profits. Capital Economics believes that if tariffs are moderately increased, the expectation for an interest rate hike in October will remain unchanged.
The Bank of Canada faces the risk of economic contraction. Deloitte Canada expects an economic downturn and rising unemployment, while Capital Economics forecasts at least two more rate cuts.
The Reserve Bank of Australia is hindered from cutting rates due to easing inflation and high uncertainty. Financial market prices are rebounding, waiting for more information.