Policy rates set to fall
It increasingly looks like interest rates globally are at a peak.
With inflation coming down, markets are looking for interest rate cuts in the US, the Eurozone, and the UK over the next couple of years.
Source: FT
You can also add Canada and New Zealand to the list of developed countries where interest rates have already gone more than far enough to cool the economy substantially.
In Australia, insolvencies reported by ASIC for the month of October were 43 per cent higher than a year ago.
When central banks cut interest rates, they normally need to do so quickly, and by a lot.
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