Interest Rate Hike: A New Phase of Global Monetary Policy

In recent days, we have witnessed significant movements in global central banks, particularly in September. The Federal Reserve (Fed) of the United States, the European Central Bank (ECB), and the Bank of Japan (BoJ) convened to adjust their interest rates, signaling a growing trend towards a more restrictive monetary policy. This move is not solely a response to the escalation of the war in the Persian Gulf but also reflects the persistence and even surpassing of global economic activity beyond initial projections. This 'hawkish' shift—used to describe a more aggressive approach to monetary policy—is reconfiguring investor and global economic expectations, directly impacting financial markets and worldwide inflation.