Market News

• ECB keeps rates steady as it awaits clarity over trade
• Fed, Bank of Japan meet next week
• After spate of rate cuts, easing is slowing down

LONDON, July 24 (Reuters) - The pace of central bank rate cuts is slowing as early movers near the end of their easing cycles while sticky inflation keeps others cautious.
Politics both domestic and international is another complication for central bankers, particularly in the United States, where President Donald Trump continues to muse publicly about firing Federal Reserve chair Jerome Powell.

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Here's where 10 big central banks stand on the monetary policy path.
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1/ SWITZERLAND

Bets that the Swiss National Bank will use negative interest rates to tackle the seemingly unstoppable rise of the safe haven franc have faded after it kept benchmark borrowing costs on hold at 0% in June.
Traders have since put 75% odds on another pause in September and speculate the SNB has started intervening to weaken the franc.

2/ CANADA

The Bank of Canada is widely expected to hold steady for now as U.S. tariff tensions contribute to a baffling economic outlook, with growth contracting as inflation rises and trade war disruptions to consumer behaviour muddle the outlook further.
Money markets expect that the formerly dovish central bank, which implemented 225 basis points (bps) of cuts in the nine months to April, will keep rates at 2.75% on July 30.