BlockBeats news, September 18 — ING now expects the Federal Reserve and the European Central Bank to each raise interest rates once before the end of the year, a shift from its previous forecast of a "hold rates steady" path.ING economists said in a report: "Wednesday's Federal Reserve meeting and last week's European Central Bank meeting indicate that these two central banks are unlikely to adopt the very accommodative monetary policy we had previously expected."These economists pointed out that both central banks are currently facing supply-side shocks triggered by soaring energy prices, although the impact on the overall economy remains limited for now; at the same time, people still remember the situation in 2022 when inflation rose sharply and the monetary policy response lagged. The economists expect both central banks may raise interest rates in December.