Investors have scaled back their expectations of global interest rate rises in the aftermath of banking sector turmoil, with market indicators suggesting that the period of rapid increases has come to an abrupt end.
The pricing of derivatives products, such as interest rate swaps, indicates investors believe many of world’s major central banks will not raise rates further and, in some cases, will begin to impose cuts before the end of the year.
“Global interest rates are near a peak,” said Mark Zandi, chief economist at Moody’s Analytics. “The suddenly fragile global banking system is putting pressure on central banks to end their rate hikes sooner rather than later.”
您已阅读16%（674字），剩余84%（3666字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。