There are now more central banks cutting rates than those hiking rates, per a Deutsche Bank analysis.
For the first time since January 2021, there are more central banks cutting rates than those hiking them, according to an analysis by Jim Reid, a research strategist at Deutsche Bank, MarketWatch reported on Tuesday.
The trend started last month, with 10 central banks cutting rates — outnumbering those that hiked rates in the same time period, according to Reid's analysis of 81 central banks around the world.
The trend continued this month with five central banks — including include those in Brazil and Peru — cutting rates so far.
AdvertisementWhile major central banks like the US Federal Reserve and the European Central Bank are keeping rates steady right now, there are bets that they, too, will start to hike rates in the months ahead.
Persons:
—, Jim Reid, Reid, That's
Organizations:
Deutsche Bank, Service, MarketWatch, US Federal Reserve, European Central Bank, UBS
Locations:
Brazil, Peru, Swiss