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Central banks around the world are expected to cut borrowing costs as global inflation has hit multi-decade highs in many countries over the past two years.

Some institutions, particularly in emerging markets, have already started to cut rates, but many more moves are predicted this year, including by the US Federal Reserve, the European Central Bank and the Bank of England.

The FT Global Inflation and Interest Rate Tracker provides a regularly updated visual representation of consumer price inflation and central bank policy rates around the world.

This page covers the factors influencing policymakers’ decisions about borrowing costs, showing how central banks responded to rising prices with corresponding increases in interest rates.

Higher borrowing costs have helped moderate the rapid pace of inflation that has gripped the world over the past three years amid the pandemic and war in Ukraine.

While inflation has fallen below its peak in most countries, many policymakers have warned that the final leg of the journey to central banks’ target – which is 2 percent in most advanced economies – is the most difficult. Will be.

You can use this page to monitor inflation and interest rates in most individual countries.

This page also tracks measures that are closely monitored for signs of how inflation and policy rates may evolve in the coming months.

The latest data from the world’s largest economies show that inflation, a key measure of underlying price pressures, is high in some countries, excluding food and energy.

Wholesale energy prices provide a timely indication of price pressures that consumers may face in the coming months.

Rising energy prices were the main driver of inflation in many countries in recent years, but gas and electricity prices have now retreated from their highs during the energy crisis that followed Russia’s invasion of Ukraine.

This page also tracks 2-year government bond yields, which are strongly influenced by market expectations of interest rates over that time period.

Asset prices have been another point of concern, particularly for housing. House prices rose in many countries during the pandemic, but high mortgage rates led to a significant drop in house prices in several countries.