In November, major developed central banks saw a slowdown in rate hikes, with only the Reserve Bank of Australia implementing a 25 bps increase. Among central banks overseeing heavily traded currencies, those in the United States, New Zealand, Sweden, Norway, and Britain opted to maintain unchanged benchmarks. This shift reflects the broader trend of monetary tightening cycles approaching their conclusion as inflation moderates and growth concerns rise. While markets anticipate rate cuts from major central banks, some analysts argue that persistent inflation, structural shifts, and geopolitical factors may prompt central banks to maintain higher interest rates for an extended period. In emerging economies, November marked the first month since February 2021 where the number of rate cuts exceeded hikes, indicating a potential shift in the monetary policy stance for developing economies.

SOURCE:GOOGLE