超级央行周来了！日本带头加息，发达国家央行“降息周期”进入尾声，明年美联储“独自降息”？

Core Viewpoint - The global trend of monetary policy easing is nearing its end, with developed economies showing a clear trend of "braking" in their monetary policies, leading to increased uncertainty in the markets for the upcoming year [1]. Group 1: Central Bank Decisions - The Bank of Japan (BOJ) is expected to raise its benchmark interest rate to 0.75% in its upcoming meeting, marking its first rate hike since January [2]. - The Bank of England (BOE) is anticipated to lower interest rates, which may be one of the last moves in its current easing cycle, indicating a shift in its policy focus [3]. - The European Central Bank (ECB) is expected to maintain its current interest rates, with market attention on any hints of a potential shift towards tightening [3]. Group 2: Divergence in Monetary Policies - Developed economies are gradually halting their rate cuts, while emerging markets continue to pursue easing measures, creating a complex global monetary policy landscape [6]. - In Asia, the Bank of Thailand is expected to cut rates, while there is uncertainty regarding the Bank of Indonesia's actions [6]. - In Latin America, central banks in Chile and Mexico are expected to lower rates, contrasting with Colombia's decision to maintain its rate due to better-than-expected inflation reports [6]. Group 3: Future Implications - The divergence in monetary policies is likely to reshape global capital flows and asset pricing, with the potential for the U.S. Federal Reserve to find itself acting alone if it continues to cut rates while others do not [1][4]. - The anticipated continued easing by the Federal Reserve may lead to a depreciation of the U.S. dollar, especially as other central banks maintain or increase their rates [7].