内容摘要：Inflation is way down from levels seen a couple of years ago, partly because central banks have dramatically

Inflation is way down from levels seen a couple of years ago, partly because central banks have dramatically

Inflation is way down from levels seen a couple of years ago, partly because central banks have dramaticallyfrom near zero during the coronavirus pandemic. Prices then began to shoot up, first as a result of supply chain issues and later because of

, which pushed energy costs higher.As inflation rates have declined from multidecade highs, central banks, including thehave started cutting interest rates, though few, if any, economists think that rates will fall back to the super-low levels that persisted in the years after the global financial crisis of 2008-2009 and during the pandemic.

The Bank of England has lowered its main rate from a 16-year high of 5.25% by a quarter of a percentage on three occasions since last August, most recently in February,MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate by a quarter percentage for a second time this year, to 3.85% after inflation fell within a target range.

The Reserve Bank of Australia reduced its cash rate from 4.1%. The reduction from

at its February board meeting was Australia’s first rate cut since October 2020.“An interest rate cut in May looks increasingly nailed on, and the path to more easing in the second half of the year is getting clearer,” said Luke Bartholomew, deputy chief economist at asset management firm Aberdeen.

Inflation is way down from levels seen a couple of years ago, partly because central banks have dramaticallyfrom near zero during the coronavirus pandemic. Prices then began to shoot up, first as a result of supply chain issues and later because of

, which pushed energy costs higher.As inflation rates have declined from multidecade highs, central banks, including the