Trump’s war means higher global interest rates for years to come
- Posted on July 6, 2026
- By Business News Today
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- 1 min read
Trump’s war means higher global interest rates for years to come
Global interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a percentage point through 2028. This shift, influenced by lingering inflation risks from the Iran conflict's energy shock and the AI race, means consumers and businesses face more expensive loans. Central banks, wary of past inflation surges, are maintaining hawkish stances, impacting economies worldwide.
