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Big central banks edge back towards hiking mode, but Fed keeps cutting
Central banks in big economies are signaling a change of stance, with many now on hold after a long easing cycle, and policymakers flagging that their next moves, in time, could be rate hikes. The U.S. Federal Reserve is something of an outlier. It cut rates this week, and markets still see more easing next year, but the Fed expects one further rate cut, so it too could be nearing the end. Here's where central banks in 10 developed markets stand. Switzerland: The Swiss National Bank left its policy interest rate unchanged at 0% on Thursday, the lowest among developed-market central banks, and said the recent ... (full story)