Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating.
rates by 25 basis points on July 26 to a range of 5.25%-5.50%, in its 11th rate increase of its last 12 meetings., with money market pricing implying traders thought this was the last hike of this cycle.Having raised its cash rate to a 14-year high of 5.
5% in May, the Reserve Bank of New ZealandThis may have marked the end of a 20-month hiking cycle, with economists polled by Reuters expecting the central bank to stay put for the rest of 2023.The Bank of England meets on Aug. 3. Expectations for a big rate increase have eased after latest data showed inflation
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