Global Rate-Cut Cycle Nears Peak as Liquidity Inflection Point Emerges

Central banks worldwide have cut rates more in the past two years than during the 2008 financial crisis, but the easing effects may be nearing exhaustion, BiyaPay analysts said on Nov. 8. The analysts characterized the moment as a liquidity inflection point rather than a tightening signal, noting tighter funding conditions could pressure elevated valuations across equities, bonds, commodities, and cryptocurrencies. Future market performance will depend on liquidity sustainability, they added.