SEB logo
SEB

May 19, 2026

Financial Forecasts

Market ReportRates Govt BondsFXCommoditiesEnergy

SEB provides comprehensive financial forecasts for central bank rates, government bond yields, FX, and commodities through 2027.

Key Takeaways

  • 1.The Federal Reserve is forecast to cut rates from 3.75% to 3.25% by Q1 2027.
  • 2.Brent crude oil prices are projected to decline significantly from $110/bbl in May 2026 to $83/bbl by 2027.
  • 3.The ECB is expected to raise the deposit rate from 2.00% to 2.25% in Q2 2026 and maintain that level through early 2027.

Table of Contents

  • Central banks
  • 2Y Gov
  • 10Y Gov
  • Commodities
  • FX
  • Cross rates
  • Germany
  • Sweden
  • Denmark
  • United States
  • Norway
  • United Kingdom
  • 10y spread vs. Germany

Document Preview

Page 1 of 2
Page 1 of Financial Forecasts
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.

Authors

Karl SteinerJussi HiljanenBjarne Schieldrop

Securities

Brent Crude OilEURUSDUS 10Y Government Bond

Themes

Central Bank Policy DivergenceCommodity Price Normalization

Regions

EuropeNorth AmericaAsia PacificUnited StatesGermanySweden