Institution: Major central banks are unlikely to cut interest rates this year.

According to Capital Economics, it is unlikely that major central banks will cut interest rates this year. In its baseline scenario, Capital Economics still doubts that any major central banks will ease policy this year, as energy prices are likely to remain high and the European Central Bank may even raise rates. The institution stated in a research report that US Treasury bond yields at the end of this year may not be much lower than current levels, as market pricing has shifted to reflect expectations that the federal funds rate will remain steady this year. Capital Economics suggested that the recent decline in yields is due to concerns about the growth of the US economy, a trend that may reverse.