This week’s US Fed and Bank of England meetings concluded as expected with no change to rates.
Those OECD forecasts saw a downward revision in global and US growth, particularly in 2026. Global growth is now expected at 3% in 2025 and 2026, down from c.3.3% forecast in December for both years.
The March meeting of the Open Market Committee (FOMC) saw the Fed leave policy on hold.
For the Bank of England, it left Bank rate unchanged at 4.50%.
