The IMF Is Expecting Rate Cuts in Mid 2024

What we’re showing

These charts show the International Monetary Fund's (IMF) expected path of central bank policy rates, as of October 2023.

Key takeaway

Although the outlook on inflation remains uncertain, the IMF expects most advanced economies (except Japan) to begin gradually easing their monetary policy by mid 2024. 

Context

The IMF notes that future rate cuts will largely depend on whether inflation continues to decelerate. Major developments such as the Israel-Hamas war can also disrupt global markets.