"The time has come for policy to adjust," Powell said Friday. "The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks."
Bank of England Governor Andrew Bailey said Friday that while it's "too early to declare victory" over inflation, the risks of persistent price pressures appear to be receding.
Several members of the European Central Bank's Governing Council present at the conference said they would support another reduction in interest rates next month.
Centeno called a decision to ease in less than three weeks "easy," given the data on inflation and growth.
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