Central banks navigate tricky crossroads as rate cut predictions diverge
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Big central banks have ended their historic monetary tightening cycle, but predictions about future rate cuts are diverging.
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Markets now expect more gradual rate cuts from the Fed and ECB than they did a month ago due to hotter inflation data.
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Switzerland, Sweden, and the Euro Zone are seen as the most likely next central banks to cut rates.
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Norway, Australia, and New Zealand central banks are debating whether more hikes are needed to control inflation.
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The Bank of Japan continues unusual policies like yield curve control, refusing rate hikes to support the weak yen.