End of the global rate hike cycle?

According to Bloomberg Economics, most global central banks are either nearing the end of their rate hikes or have already ended their rate hike cycle and are preparing to cut rates in the coming period. The expectation that the Fed will pause after making a final rate hike in May is also affecting forecasts for other central bank decisions. According to Bloomberg Economics, most global central banks are either nearing the end of their rate hikes or have already ended their rate hike cycle and are preparing to cut rates in the coming period. While interest rate cuts from Brazil to Indonesia are priced in this year, it is expected that many developed countries will follow a similar path. It is estimated that interest rates will be cut in at least 20 of the 23 regions tracked by Bloomberg. "Global interest rates to fall to 4.9 percent" According to Bloomberg Economics’ calculations, global interest rates will peak at 6 percent in the third quarter, and this rate will fall to 4.9 percent by the end of next year. “Since the beginning of the year, central banks have been battered by opposing forces. China’s faster reopening, Europe’s escape from the crisis and the tight labor market in the U.S. all argue for higher interest rates. The collapse of Silicon Valley Bank and Credit Suisse is having the opposite effect. So far, with little sign of a broader banking crisis, the arguments for tightening have won the day. Peak rates are on the horizon, but we’re not quite there yet,” said Tom Orlik, chief economist at Bloomberg Economics.