Central banks in major economies are winding down rate-cutting cycles, with the U.S. Federal Reserve and Bank of England still able to ease further. Australia, Sweden, and Norway held rates steady this week. The Swiss National Bank remains on hold, while the Bank of Canada recently cut rates to a three-year low.

The Reserve Bank of New Zealand made a significant 50 basis point rate cut last month, with expectations for another cut in November. The ECB held rates steady, signaling the end of its easing cycle. The Fed cut rates by 25 bps, with speculation of a further cut in December. The Bank of England voted to keep rates unchanged at 4%.

Australia’s central bank kept rates steady at 3.60%, citing cautiousness about further easing. Norway’s Norges Bank maintained its key rate at 4%, with potential for more easing next year. The Bank of Japan kept rates steady, aiming to increase borrowing costs if the economy performs as projected.

Read more at Yahoo Finance: The end is near for policy easing among big central banks