Global interest rates are projected to reach a ceiling later this month as inflation fears have eased and several central banks are starting to worry about the impact of aggressive monetary policies on the global economy, says Tisco Securities.
The Reserve Bank of Australia and the Bank of Canada have started to slow their rate hikes over the past month, reflecting their belief that the recent monetary policy tightening is adequate to curb inflation, said Apichat Poobunjirdkul, senior strategist for Tisco Securities.
Central banks are also concerned about the impact of strict monetary policies that could put the global economy on the verge of a recession, he said.
