Rate cuts are coming, for some

For some countries, rate cuts have started and will continue. For others, they’re still a long way away. Here’s why.

On Thursday, the European Central Bank (ECB) cut interest rates for the first time this cycle. However, consumer prices across the Euro area are rising at 2.6% year-on-year, above the bank’s 2% target. Some pundits have wondered if this is the start of a long downward trend for global interest rates. The answer is yes, but only for countries where rate …