Major Central Banks Reversing Policies on Interest Rates: What Happened and What's Next?
===============
#ea5c5357 ver:0.15
This week, major central banks reached a pivotal point in their monetary policies. The Bank of Japan, after maintaining negative interest rates for 17 years to stimulate the economy and boost inflation, has decided to end this experiment. The Swiss National Bank surprised the market by becoming the first major economy to cut interest rates, lowering their benchmark to 1.5%. The Bank of England moved closer to cutting interest rates as well, hinting at a potential future cut. The U.S. Federal Reserve, on the other hand, held interest rates steady but reiterated its guidance for three 25 basis point interest rate cuts throughout the year. Market futures are pricing in a 70% chance of a rate cut in June, and Deutsche Bank expects a cut in May. Norway's central bank chief, however, expects to ...
#newstr #CentralBanks #InterestRates #BankOfJapan #SwissNationalBank #BankOfEngland #FederalReserve