Global Markets Fix Their Gaze on September Interest Rate Decisions
Investors worldwide have focused on the steps to be taken by major central banks such as the Fed, ECB, BoJ, and CBRT, which will announce critical interest rate decisions in September.
All attention of investors in global markets has turned to the meetings of the world's leading central banks, which will announce their monetary policy decisions in September.
The Focal Point of Global Markets
Along with rising geopolitical risks and inflation uncertainties worldwide, September constitutes a critical turning point in terms of central banks' monetary policy decisions. The markets are closely monitoring the steps that major central banks will take.
US and European Expectations
While slowing inflation in the US dampens hawkish expectations for the Fed, in Europe—where the Iran war has triggered energy costs—the ECB is seen as certain to make a 25 basis point interest rate hike. The BoE, on the other hand, is expected to keep interest rates steady.
Asian and Domestic Decisions
On the Asian side, a 25 basis point hike is expected in the BoJ's decision on September 18, while domestically, following the CBRT's decision on September 10, interest rates are projected to remain steady in September and be cut in October and December.