CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the world to highlight significant global trends in monetary policy.

Interest rate forecast 2025 Assuming inflation remains near 2%, interest rates will likely continue to trend lower. The FOMC projects a fed funds rate of just 3.4% by the end of 2025.

The U.S. 10-year yield tends to be a good proxy for global interest rate trends. A number of factors helped to usher in this long era of what will become known as the period of debt-fueled growth.

Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies

The South African Reserve Bank is set to adjust its monetary policy amid rising inflation and global market pressures. Analysts predict further interest rate cuts as the bank navigates a complex economic landscape.

However, the bigger question is when rate cuts might be coming after a series of hikes in recent years. Since October 2021, the RBNZ has raised interest rates significantly, from 0.25% to 5.50%.

After a prolonged decline, U.S. inflation-adjusted interest rates have increased somewhat since the pandemic—possibly implying a higher new normal. As central banks attempt to tame the post-pandemic inflationary bout, whether real rates will fall back closer to pre-pandemic levels will ultimately depend on the trends in their long-term underlying determinants. Estimates suggest that the pre ...