The Bank of England is forecast to keep its monetary policy steady throughout the year, driven by concerns over 'second-round' inflation effects, according to the FT’s Monetary Policy Radar team.

The Federal Reserve is expected to keep its monetary policy on hold if the current energy shock proves to be protracted, according to a March forecast from the FT’s Monetary Policy Radar team.

The latest June forecast from the FT’s Monetary Policy Radar team indicates that most energy-related factors point towards another interest rate increase from the European Central Bank.

The Federal Reserve is anticipated to maintain its current interest rates until June, according to the latest forecast from the FT’s Monetary Policy Radar team.

The FT’s Monetary Policy Radar team forecasts that the European Central Bank will respond forcefully if energy prices experience a substantial increase.