Bloomberg expects global central banks to cut interest rates by only 1%

This year, Bloomberg expects the global interest rate to fall by 1% to 6.2%, which, according to the publication, should happen in the winter period. In the first quarter, the rate was 7.2%. However, even in this case, the rate will still be about 2 times higher than the levels at which it was before the pandemic, Profinance.ru reports.

Next year, according to the forecast of Bloomberg, the rate will continue to be at the maximum levels since the global crisis, although it will fall to 4.8%.

According to experts of the publication, the average interest rate calculated for developed countries, this year will fall to 3.7%, and the same indicator for developing economies excluding the PRC to 12.3%. At the end of next year, they expect these figures at the levels of 2.8% and 8.9%, respectively.

The global interest rate is the average of the rates of the countries in question, which is adjusted for the size of their GDP.