World central financial institution coverage pivot can be broad however not sharp, says Fitch

  • Practically all ‘Fitch 20’ economies will see central banks lower rates of interest in 2024
  • The coverage pivot can be widespread however not steep
  • Charges on the finish of this yr will nonetheless stay far above pre-pandemic ranges
  • Expects no additional fee hikes by the Fed, ECB, or BOE shifting ahead
  • Sees 75 bps fee lower by main central banks by year-end

This is not something shocking however implicitly, they’re saying that markets are pricing in too many fee cuts in the interim. The complete report might be discovered here (could also be gated).

This text was written by Justin Low at