Reported 8 months ago
Six months ago, major central banks were expected to implement a major shift towards lower interest rates, but this plan has largely fizzled out due to unexpected inflation persistence and resilient economic growth. While some modest steps have been taken by central banks like the ECB and Bank of Canada, the overall sentiment has shifted from rapid easing to caution. Economists now anticipate fewer rate cuts than previously projected, and central banks are balancing inflation and economic growth in their policy decisions.
Source: YAHOO