Leading central banks are expected to begin cutting interest rates over the coming year as falling inflation fuels predictions among investors and economists that prices are under control.
After entering 2023 in the midst of aggressive interest rate increases, the Federal Reserve, European Central Bank and Bank of England put their tightening programmes on hold in the second half of the year.
Now, with headline inflation rates retreating in large parts of the G7 group of industrialised nations and economies slowing, the pressure for policymakers to cut borrowing costs is set to gather strength.
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