Fears of trade turmoil to spur final rate moves

By central banks' first meeting in 2025, Trump will have taken office, and potential tariffs could be closer to reality

- Bloomberg

Central banks on four continents will make a final flurry of changes to borrowing costs in the coming week, before Donald Trump's return to the White House raises the prospect of global trade turmoil.

By the time policymakers from Australia, Canada, Brazil and the euro zone convene for their first scheduled meetings of 2025, the US president-elect will have taken office, and a potential wave of tariffs could be closer to reality.

The impending change in America will help cement a particularly unsynchronized phase in monetary policy, as various economies contend with different inflation risks.