‍Moody's forecast policy rates to approach

  • 1% for European Central Bank (ECB)

  • 2% for Bank of England (BoE)

  • 3% for the US federal reserve by 2021

Moody's add:

  • rising interest rates are unlikely to hurt European companies' profits, cash flows in medium term​
  • Rising European interest rates could also reduce IFRS 16 lease liability for many companies when adopting new accounting standard in 2019