Global Central Banks Aligning on Rate-Cut Caution as Inflation Persists

Major central banks including the European Central Bank and Reserve Bank of New Zealand are adopting similar cautious stances on interest-rate cuts despite weak growth in some regions. The ECB held its deposit rate unchanged, while the RBNZ recently cut by 50 bps, highlighting uneven inflation trends across economies. Markets widely expect fewer cuts ahead as inflation remains sticky, suggesting central-bank patience may shape risk-asset sentiment into year-end.