Simply Economics Econoday, Inc.

It’s taken them 17 years to do it but the BoJ has finally raised key interest rates. Max Sarto, Econoday’s Japan expert, discusses what they did and what it means for the economy and financial markets.

Many central banks still seem to attach more risks to easing too early than too late. And while that will reflect the perceived economic fallout from either action, the prospective impact on policy credibility should not be ignored.

So far in 2024, the major central banks have resisted pressure in financial markets for early interest rate cuts. Pushback in some quarters has become more vocal so just how long will it be before key rates are lowered?

Much like 2022, there can’t be many forecasters unhappy to see the back of 2023. Nonetheless, with crystal ball in hand, here’s what the Econoday team think will be driving global financial markets in 2024.

This year has produced the usual string of surprises for global financial markets. The Econoday team reflect on which of these shocks had the most important impact on international investors.

Financial markets are increasingly anticipating interest rate cuts in 2024 despite many central banks sounding much more cautious. The Econoday team looks at what the economic data suggest will happen