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LONDON, Oct 2 - Central banks across major developed economies delivered what looked like a last gasp set of rate hikes in September, while economies in both Latin America and emerging Europe were on track for continued easing.
September's moves compare to two hikes across four meetings in August - traditionally a more quiet month for monetary policy decisions - and take the 2023 year-to-date tally for G10 central banks to a total of 1,150 bps across 36 hikes. Diverging rate trajectories were on full display in emerging economies where 16 out of the 18 central banks in the Reuters sample held meetings in September.
Hungary also reduced one of its rates - the one-day deposit rate by 100 basis points to 13% last week - aligning it with the main base rate which it left unchanged.
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