Central Banks

Global Central Banks Tiptoe Toward Rate Cuts Under Trump Shadow

  • Advanced-economy easing cycle may continue but at slower pace
  • Tariff threats form unsettling backdrop for central banks
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Global central bankers are poised to cut borrowing costs further in 2025, but only warily — and with a keen eye on the policies of incoming US President Donald Trump.

While almost all major economies should see monetary easing during the coming year, the pace is likely to slow.