Quick Summary Fed (US):  Cut rates to 3.50–3.75%, signalling slower easing ahead. Bank of England (UK):  Inflation down to 3.2%, likely rate cut from 4% to 3.75% on Dec 18. ECB (Eurozone):  Holding steady at 2%, with talk of future hikes. Why Are Rates Moving? Central banks are reacting to inflation trends and growth signals, but their strategies differ: US Federal Reserve: Delivered a 0.25% cut in December. Aims to support a cooling labour market while managing tariff-driven