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Inflation falls mask bumps on the ‘last mile’ for central banks

London/Frankfurt | Inflation’s sharp slowdown in advanced economies has created a stand-off between markets and central banks over when borrowing costs will edge lower.

To one side are central bankers warning it is too early to do a victory dance in their fight for stable prices, while on the other investors are already celebrating by betting on how soon interest rates will be cut.

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    Original URL: https://www.afr.com/markets/debt-markets/inflation-falls-mask-bumps-on-the-last-mile-for-central-banks-20231129-p5entz