[The Global Rate-Cutting Cycle Ends: Number of Rate Hikes and Cuts in May Tied for the First Time Since Early 2021] BlockBeats News, June 21: Global monetary policy is reaching a turning point. Data shows that among the 52 central banks included in the statistics, the number of institutions that raised interest rates in May was equal to those that cut rates, with 26 each. This marks the first time in about two years that the numbers have been balanced, as the number of rate-cutting central banks had consistently exceeded those raising rates. The last time this balance occurred was in early 2021, which was followed by a three-year tightening policy cycle. This indicator peaked in mid-2022, when the number of central banks raising rates exceeded those cutting rates by 28. Last week, the European Central Bank announced a 25 basis point rate hike to 2.25%, marking its first rate increase since September 2023. On Tuesday, the Bank of Japan also raised rates by 25 basis points to 1.0%, the highest level since 1995. A new round of global tightening cycles appears to be underway. [Original Link]