“Failing to take a stitch in time meant they ultimately had to raise a lot more. It is now about credibility.”

“Failing to take a stitch in time meant they ultimately had to raise a lot more. It is now about credibility.”

HSBC warns central banks will raise rates amid US-Iran supply shocks, with ECB and BoE hikes expected in June-July 2026 as oil tops $126 per barrel.