The majority of global central banks may pause interest rate hikes or be nearing a peak, with possible monetary loosening on the horizon, as first signs of sluggish economic growth and effects of financial market tensions appear. Though other central banks, like the European Central Bank, may keep tightening, an adjustment in US monetary policy could lead to a shift in gear for global peers. pivots toward rate cuts could come as soon as this year from countries like Brazil and Indonesia, with more advanced-world officials predicted to adopt similar strategies not far behind.

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