It’s a big week for central banks around the world, with a slew of rate moves on the table

It’s a busy week for central banks worldwide, with a flurry of rate decisions expected.

The Federal Reserve’s two-day meeting, starting Tuesday, is likely to steal the spotlight as markets anticipate a potential start to the Fed’s rate-cutting cycle. Traders are largely expecting a quarter-point reduction, though some are betting on a half-point cut.

Brazil’s central bank will also meet midweek, while the Bank of England, Norges Bank, and South Africa’s Reserve Bank are set to announce their decisions on Thursday. The Bank of Japan will close out the week with its rate decision on Friday.Investors are keenly watching for signs of how these moves will shape the global economy, with rate cuts expected in several regions and debates ongoing about how aggressive central banks should be.

Some Fed watchers argue for a larger cut, while others warn it could destabilize markets. Over in Brazil, stronger-than-expected economic data could lead to a rate hike, while in the U.K., the Bank of England is expected to hold steady.The week will wrap up with decisions from central banks in South Africa, Norway, and Japan, with mixed expectations on rate moves.

Source: www.cnbc.com/2024/09/16/fed-boe-and-boj-its-a-big-week-for-central-bank-rate-decisions.html