Rate cut pivot can’t come soon enough for debt-strapped companies
11/12/2023 14:08
Call it the year of the pivot. After their most aggressive interest-rate hiking cycle in four decades, key central banks in 2024 will be shifting to reducing borrowing costs.
The key question is whether inflation readings in coming months will allow policymakers to pivot quickly enough to blunt the impact of their past tightening—and head off a hard landing.
Source: Bloomberg
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