Taking it easy
by AIB Treasury Economic Research Unit
- As we head into the last month of the year, from an interest rate perspective, 2024 has been characterised by a pivot in global monetary policy
- However, as we guided at the time, central banks took a more cautious approach to easing interest rates, meaning that the extent of rate cuts that the market had been expecting did not materialise
- The ECB started its easing cycle in June, with a 25bps rate cut.
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