Global rate cut juggernaut is struggling to start

NEW YORK: Central banks cagey about joining the global interest rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.

Days after the Federal Reserve (Fed) pared back projections for US monetary easing this year, policymakers from the United Kingdom to Australia are likely to signal that they’re still not convinced enough about disinflation to start lowering borrowing costs themselves.