OECD: Expects Fed and ECB to Raise Rates Once More This Year, Then Hold Steady Through 2027; Sees BOJ Hiking Key Rate to 2% by End-2027

OECD: Expects the Fed and the European Central Bank to raise interest rates once more this year, followed by stable rates through 2027. Expects the Bank of Japan to raise its key rate to 2% by the end of 2027. Expects the Bank of England to hold rates steady for most of 2027, with the next policy move likely a rate cut. Expects Japan's economic growth at 0.8% in 2026 (previously 0.6%) and 0.7% in 2027 (previously 0.8%). Expects euro area economic growth of 1% in 2026 and 1% in 2027 (previously 0.8% and 1.2%). Raises South Korea's 2026 growth forecast from 2.6% to 3.7%. Raises India's 2026 growth forecast from 6.3% to 7.1%. Expects Saudi Arabia's economy to contract by 1.8% in 2026, versus a prior forecast of 3.2% growth.