Most Central Banks Pause Rate Hikes in October Amid Persistent Inflation Worries

In October, most global central banks, including the US Federal Reserve and European Central Bank, paused interest rate increases after a series of hikes in the previous month. Canada's central bank was the only G10 economy to raise rates. Despite the widespread pause, policymakers and analysts indicated that ongoing inflationary pressures suggest the tightening cycle may not be concluded, signaling continued vigilance regarding price stability.