Global interest rate trajectories are shifting upward, with forecasts indicating borrowing costs could rise by half a percentage point or more through 2028.
The repricing reflects growing market concerns that the ongoing military conflict between the United States and Iran, combined with expansive tariff policies, will sustain inflationary pressures for years to come.
According to analysis by La República, the convergence of war-related supply shocks and trade barriers is forcing investors to adjust their long-term yield expectations.
The report highlights that debt servicing costs are projected to climb significantly, challenging the narrative of a swift return to lower rates.
This development intensifies the debate surrounding US President Donald Trump’s assertion that inflation has reached all-time highs.
The claim adds political weight to the economic reality that tariffs imposed at the start of his second term have had lasting effects on price stability.