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Global rate-cut standoff looms in 2023 policy finale

Bloomberg
Bloomberg • 4 min read
Global rate-cut standoff looms in 2023 policy finale
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From Washington to Frankfurt to London and beyond, central bankers are approaching their final decisions of the year against a backdrop of unease at how the global inflation cycle is turning.

Policymakers from fully half of the Group of 10 jurisdictions of most-traded currencies are scheduled to meet in the coming days, and interest rates for 60% of the world economy will be set in a whirlwind 60-hour window.

Most notable will be the US Federal Reserve on Wednesday, followed on Thursday by central banks including those of the eurozone and the UK.

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