Central banks across major developed economies in September delivered no rate hikes for the first time since January 2022 while emerging markets extended...
LONDON - Central banks across major developed economies in September delivered no rate hikes for the first time since January 2022 while emerging markets extended their split between easing in Latin America and much of central Europe and tightening in Asia.
While inflation was still high compared to central banks’ targets, a rapid recent rise in global bond rout had changed the backdrop significantly thanks to the rise in yields at the long end of the yield curve across both developed and emerging markets, analysts said. Latin America and central and eastern Europe are at the forefront of the easing cycle, with Chile, Hungary and Poland extending their rate cutting cycles to lower benchmarks by a cumulative 150 basis points .
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