Global Central Banks in Action: A Snapshot of Rate Cuts and Hikes

The global rate cut cycle is gaining momentum, with half of developed markets' central banks easing monetary policies. The U.S. Federal Reserve is preparing for a move in September, while the Bank of Japan has unexpectedly raised interest rates. Here's an overview of the leading central banks' strategies.

The global rate cut cycle is gaining momentum, with half of developed markets' central banks easing monetary policies. The U.S. Federal Reserve, keeping a close eye on inflation metrics, is gearing up for a potential rate cut in September.

Meanwhile, the Bank of Japan defied expectations by raising its interest rates to a 15-year high, diverging from the global trend. Investors are keenly watching to see if the BOJ continues on this tightening path.

Here is a detailed look at the stances of leading central banks, from Switzerland's multiple cuts to Britain's cautious approach and New Zealand's wait-and-see strategy.

(With inputs from agencies.)