PIMCO Economic Outlook: Post Peak
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Our September Cyclical Forum was the first to be held in London, where the economic situation today reflects what’s happening around the world.

The Bank of England (BOE) is nearing the end of a long journey to raise interest rates. This tightening of monetary policy has fueled increased volatility in U.K. financial markets, and there are concerns that the British economy could soon stall or slip into a recession.

Similar scenarios are playing out globally as countries continue their efforts to quell the post-pandemic inflationary spike. Central banks are reaching the end of their tightening cycles on different schedules and with different peak policy rates in sight.