Global monetary policy reached a significant pivot point in May as the multi-year cycle of net interest rate reductions officially concluded. Data from 52 global central banks reveals an even split in policy actions, with 26 institutions raising rates and 26 implementing cuts during the month.
This parity represents the first time in two years that the number of central banks easing policy did not exceed those tightening. The shift ends a 24-month period where global monetary trends were consistently dominated by rate-cutting cycles.