Won't Be Seeing Three ECB Rate Hikes in 2026, BlackRock Says

James Turner, BlackRock global fixed income EMEA head, discusses the European economy and bond space in light of the current geopolitical situation in the Middle East and its impact on supply chains. "We have to remember that it's very much a supply-side shock," Turner tells Bloomberg Television. He also talks about the European Central Bank and says it is unlikely the ECB will deliver three rate hikes in 2026. "I don't think, for example, we're going to see three rate rises from the ECB this year. I am not even sure we'll see two."