Central Banks Eye Interest Rate Cuts in 2024 as Inflation Forecast to Cool
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Central banks around the world expected to cut interest rates in 2024 as inflation cools, led by emerging economies like Brazil and the Czech Republic.
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The U.S. Federal Reserve forecast to cut rates by 0.75 percentage points in 2024 after aggressive hikes in 2022-2023. Markets betting on even more cuts.
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European Central Bank more hesitant to signal rate cuts but expected to start easing by mid-2024 as euro zone economy slows.
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Bank of Japan finally expected to end negative interest rates in 2024 under new governor. Rate hikes seen kicking off in spring.
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Rate cuts dependent on inflation continuing to ease back toward central bank targets. Policy to remain tight if prices stay sticky.