Central Banks Wrap Up Rate-Cutting Cycles

Central banks in major economies are largely concluding their rate-cutting cycles, with the U.S. Federal Reserve and Bank of England having some room for further easing. Australia, Sweden, Norway, and the Bank of England kept rates unchanged, while the Swiss National Bank maintained its zero percent key rate. The Bank of Canada cut rates to a three-year low, but signals an end to easing. Swedens Riksbank expects rates to remain at one point seven five percent, and New Zealand is likely to cut rates again. The European Central Banks easing cycle is nearly over, with less than a fifty percent chance of further easing. The Bank of Japan is the only major central bank considering rate hikes, while the U.S. Federal Reserves rate cut expectations have decreased due to strong economic data.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.