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Major central banks steer a cautious hiking path
['Alun John', 'Stefano Rebaudo', 'July', 'Min Read']
Yahoo Finance
Here's where central banks in the Group of 10 developed economies stand, ranked from the highest policy rate to the lowest.
1/ AUSTRALIAThe Reserve Bank of Australia has raised interest rates three times this year to 4.35%, the highest in the G10, fully reversing last year's cuts.
It's already in hiking mode after a surprise move in May to curb inflationary pressures fuelled by the Iran war, but left rates unchanged at 4.25% last month.
4/ UNITED STATESA divided Fed left rates unchanged on Wednesday and Warsh declined to offer any clues about the rate path.
5/ NEW ZEALANDThe Reserve Bank of New Zealand raised its benchmark rate to 2.5%, its first hike in three years earlier in July.