# Global central banks turn hawkish

Business · Heat 2.8 / 10 · 2 shows · 11m airtime

In the week of September 14, 2026, the European Central Bank raised its benchmark rate and the Bank of Japan was expected to hike. The turn was read as a regime change, with central bankers facing the same Middle East war, energy-price and sticky-inflation risks. By late October the picture has shifted: unrest in France rules out an ECB hike this week, while the Bank of Canada is still expected to raise rates. The Bank of Japan and Bank of England both meet this week and are expected to hold and wait. Whether the broader tightening holds is the open question.

Page: https://boilpoints.com/point/global_central_banks_turn_hawkish_1100453101

## Segments

- [Marketplace](https://boilpoints.com/u/marketplace), 2026-09-14, 8:06 to 10:55: **Surveys the ECB and Bank of Japan hikes**. Surveys the global hawkish turn: the ECB's hike last week, an expected Bank of Japan hike this week, and a likely Bank of England hold, with economists at RSM, BMO and Wells Fargo on the shared Middle East war, energy and sticky-inflation risks. New angle: The ECB raised its benchmark rate last week and the Bank of Japan is expected to hike this week.
- [Marketplace](https://boilpoints.com/u/marketplace), 2026-10-26, 6:01 to 8:07: **Walks four central bank meetings and the split**. Walks through this week's four central bank meetings and finds the hike paths diverging: the Bank of Canada is expected to hike despite trade-war damage, France's unrest rules out an ECB move, and Mishkin says Trump's attacks make a Fed hike politically risky before the midterms. New angle: Unrest in France rules out an ECB hike this week; the Bank of Canada is still expected to hike.
- [Bloomberg Surveillance](https://boilpoints.com/u/bloombergsurveillance), 2026-10-28, 0:26 to 6:31: **Previews BOJ and BOE holding pat**. Fed preview with Constance Hunter that widens the central-bank frame: the Bank of Japan and Bank of England both meet this week and are expected to hold and wait, with Japan carrying the heaviest inflation pressure. Also weighs AI demand, trade frictions and credit card delinquencies. New angle: The Bank of Japan and Bank of England both meet this week and are expected to hold and wait.