Some of the world’s major central banks – including the US Federal Reserve, the European Central Bank and the Bank of England – are feeling cautious and are likely to avoid drama in their last set of meetings of 2023, according to investors.
Their stance matters because central banks use tools, including interest rates, to keep the economy steady, foster growth, and keep inflation in check. And those rates affect us all – directly impacting the cost of borrowing for consumers and businesses.
Read More : World’s Central Banks Approach 2024 with Cautious Steps—Here’s Why