LONDON : Interest rate hikes from central banks around the globe slowed to a trickle in April thanks to a combination of easing inflation and slowing growth prospects amid a dearth of meetings on monetary policy decisions.April saw two interest rate hikes across five meetings by central banks overseeing t
LONDON : Interest rate hikes from central banks around the globe slowed to a trickle in April thanks to a combination of easing inflation and slowing growth prospects amid a dearth of meetings on monetary policy decisions.
"We are approaching the end of the global hiking cycle, we are at an inflection point," said Omar Slim, co-head of Asia ex-Japan fixed income at PineBridge Investments. "The Fed is widely anticipated to hike but likely to maintain a tightening bias to provide optionality for another hike if inflation doesn't comply," said Mark McCormick at TD Securities.https://www.reuters.com/graphics/GLOBAL-MARKETS/znvnbqxjrvl/G10CEN230502.gif
That compares to fourteen central banks in developing economies meeting in March with five hiking by a total of 150 bps.
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