Overnight Market Brief – 24 March 2025
Central banks worldwide highlighted economic uncertainty, but their policy responses varied significantly. The US Federal Reserve, led by Powell, maintained a relatively optimistic view, echoing the “transitory” inflation narrative. The Bank of England adopted a cautious stance, holding its policy rate steady. The Bank of Japan signaled a hawkish outlook, hinting at potential future rate hikes. The European Central Bank displayed internal disagreement regarding the impact of tariffs.