The Fed’s tone of “inflation has eased somewhat but remains elevated” to Bank of Canada’s view of assessing the impacts of the substantial monetary policy tightening already undertaken, suggests that most central banks are nearing the end of the rate hike cycle if they have not pressed the pause button just yet. — Bloomberg
THE last couple of weeks were one of the busiest for central banks around the world, as several major central banks moved the needle up with rate hikes ranging from 25 basis points (bps) to as much as 50 bps.
As we are aware, the US Federal Reserve (Fed) raised the Fed fund rate (FFR) by 25 bps – the smallest increase since rate hikes started in April last year, to between 4.50% and 4.75%.
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
