Incoming data will be the determining factor for the magnitude of rate cuts from central banks next year

Expected dissolution of the German Government brings yet further political uncertainty

The overall moves are modest in comparison to the 'mini-budget' debacle in 2022

After last week's interest rate cut, ECB president Christine Lagarde said headline and core inflation were 'all heading in the same direction: downwards'

ECB expected to cut interest rates again this week as France faces significant budget deficit

BoE governor Andrew Bailey has pivoted from cautioning against cutting interest rates too fast or by too much to saying only weeks later the bank could be 'a bit more aggressive' in cutting interest rates

The question remains whether measures such as cuts in mortgage rates and lending to equity markets will be enough to boost the Chinese economy

The key takeaway from the bumper interest rate cut last week is that the Fed has decisively shifted its focus away from its inflation mandate towards the labour market and GDP growth 

The market spotlight will be focused on the US Federal Reserve this week, as it is widely expected to cut rates for the first time this cycle

Despite market expectations for a 25bps rate cut this week, the decision from the ECB is likely to be a close call