LONDON – Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world's most influential interest rate setter that the tightening cycle may not be over yet. Meanwhile, the European Central Bank on Thursday hiked rates by 25 basis points (bps). Canada, which had paused its rate hike cycle, raised again in June. The Bank of England, still battling inflation, is widely expected to implement its 14th consecutive hike this month.

https://business.inquirer.net/405582/major-central-banks-not-done-with-rate-hikes-just-yet

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