Marc Jones and Sumanta Sen
London (Reuters) – The first interest rate of the Central Bank Movement in 2025 suggests that it will take a year when some important heavy weights, both in developed and for the emergence of parts of the world, travel in different directions for some time.
Last year, the biggest coordinated global was reduced to reduce the rate in 15 years, as the inflation was inserted, but this one started with the creators of politics that started in some very foggy conditions.
Among the Central Banks G10, which oversee the most notable currency in the world, three of the four who met last month – Sweden, ECB and Canada – continued their cutting cycles, while Japan, where the footsteps are barely increased, hiked for the second time in less than a year.
The US Federal Reserve and Norway Norges Bank sat on their hands, while Australia, New Zealand and Switzerland did not hold meetings. The Bank of England has just reduced rates this week.
Everything comes when Donald Trump returned to the White House with a bang, launching a trade tariff of Salvos and plans to overthrow multilateralism and regulation.
The bank of Canada has especially warned of the dangers of its economy and even the Fed wants to wait and see what comes from the oval office.
Emerging pattern
There were three cuts and one trips and one trip to the 18 markets in January in January, although six did not meet on the list.
Turkey reduced another 250 base points from the foot to leave them to another 45%, while South Africa and Indonesia opted for minimal moves in the quarter.
In the meantime, Brazil, who had no easy time because of his debt care, increased his rates by 100 BPS for the second meeting, and for March it is for March.
The Bank’s setting board, known as a Cop, unanimously decided to increase the borrowing costs to 13.25% at his first meeting with the new head of Central Bank Gabriel Galipol.
The Chinese Central Bank held its dust dry as she waited for the tariff to hit Washington.
Returning to the main economies, with the exception of Japan, it is expected that most countries will continue to lower the costs of borrowing this year.
Those in Europe, Canada and Australia seem to collapse the most, especially if Trump’s trade war has become ugly.
.
