Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched in unison to a more cautious posture about further moves in a sign that a year-long round of global monetary tightening could be at an end.
The U.S. Federal Reserve and the European Central Bank delivered quarter-percentage-point rate increases this week, as expected, and left open the option of further hikes if inflation didn’t continue a decline that has started to come faster than expected on both sides of the Atlantic.
Read More : Inflation Downtrend Spurs Global Central Banks to Reevaluate Policy Stance