Major central bank interest rates moves were off to a tepid start in January with a single hike by Canada but the pace will speed up again in February with policy makers in the U.S., Britain and the euro zone out of the starting blocks already.
Policy rate hikes and cuts by central banks overseeing the 10 most traded currencies.
"Central banks aggressively hiked interest rates last year as inflation in many countries rose to the highest levels in decades," Tobias Adrian at the International Monetary Fund said"Now, falling energy prices are reducing headline inflation and fuelling optimism that monetary policy may be eased later this year."
Across emerging markets, six out of 18 central banks delivered a total of 225 bps of hikes in January. Indonesia, Korea, South Africa, Thailand, Israel and Colombia all lifted benchmarks.The January moves compare with five central banks hiking by 260 bps in December. With year-on-year inflation readings declining further, the prospect of Fed rate hikes and the U.S. dollar calming down as well as energy and food prices deflation appearing in the first half of the year, pressure should ease on central banks in developing economies, Simon Quijano-Evans, chief economist Gemcorp Capital Management Limited, said.
"As we move through 2023, non-U.S. dollar central banks including most in emerging markets should become happier," he added.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GBP/USD: Weekly Forecast 5th February-11th FebruaryAfter touching the 1.24000 vicinity in the middle of last week the GBP/USD managed to essentially destroy a lot of short term bullish optimism with one sword.
Leer más »
EUR/USD: Weekly Forecast 5th February-11th FebruarySpeculative traders who enjoy volatility certainly found their objective in the EUR/USD last week.
Leer más »
February’s Monthly Dresses Edit Has ArrivedWhether you need an outfit for a Valentine’s Day date, a Fashion Month party, or your President’s Day weekend getaway plans, our edit of the best dresses of the month is a good place to start. Shop it here:
Leer más »
Pokémon GO Announces A Special Vulpix Event & More In February 2023PokemonGO seems to be changing the way that they feature Shiny Pokemon with increased Shiny rates in events. Let's take a look at this new oddity.
Leer más »
Bitcoin (BTC) Price Analysis for February 4Can BTC get to $24,000 by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Leer más »