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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>By Naomi Rovnick and Alun JohnThu, November 6, 2025 at 3:01 PM GMT+1 4 min readBy Naomi Rovnick and Alun JohnLONDON (Reuters) -Central banks in big economies are nearing the end of their rate-cutting cycles, though some, like the U.S. Federal Reserve and Bank of England - which were more cautious earlier in the year - have scope to ease a little more.Australia, Sweden and Norway all left rates unchanged this week, as did the BoE, albeit in a tight decision.Here's where 10 major central banks stand after the latest round of meetings:1/ SWITZERLANDThe Swiss National Bank has been on hold since it cut its key rate to 0% in June, and markets expect it to remain there for now.Swiss inflation unexpectedly fell to 0.1% in October, government data showed this week, but analysts said this would not be enough to cause the SNB to cut rates into negative territory.2/ CANADAThe Bank of Canada, battling an economic slowdown exacerbated by U.S. tariffs and the inflationary impact of the trade war, cut rates to a more than three-year low of 2.25% last week.It too has eased policy more aggressively than many developed market peers, but is now sending strong signals that the easing ends here. Traders see a further cut this year or next as unlikely.3/ SWEDENSweden's Riksbank, another big mover, held its policy rate unchanged at 1.75% on Wednesday and said it expected to remain at this level "for some time to come" unless the outlook for inflation and growth shifts.4/ NEW ZEALANDThe Reserve Bank of New Zealand cut rates by a punchy 50 basis points (bps) to 2.5% last month to bolster a frail economy.Markets see a good chance of a further cut in late November, although inflation sitting at the top of the RBNZ's 1-3% target band could be a complication.5/ EURO ZONEThe ECB last week held its main deposit rate at 2% for a third straight meeting, flagging the bloc's economic resilience.Traders see this ECB easing cycle as all but over, pricing in less than a 50% chance of further easing by July 2026.6/ UNITED STATESThe Fed last week executed a widely flagged 25 bps cut but pushed back against market bets for more by warning that data gaps caused by the U.S. government shutdown were fogging up its forecasting lens.The rate cut drew dissent from two policymakers, with Stephen Miran calling for a deeper reduction and Kansas City Fed President Jeffrey Schmid favouring no cut given above-target inflation.Strong data this week has further trimmed bets and traders price in a roughly 60% probability of a 25 bps December cut, down from 84% ahead of the Fed meeting.7/ BRITAINBank of England rate setters on Thursday voted 5-4 to leave rates unchanged at 4%, leaving the door open for a cut in December that would follow the government's all-important November 26 budget announcement.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,728.80 +8.48 (+0.13%)Dow 3046,987.10 +74.80 (+0.16%)Nasdaq23,004.54 -49.46 (-0.21%)Russell 20002,432.82 +14.00 (+0.58%)VIX19.08 -0.42 (-2.15%)Gold4,009.40 +18.40 (+0.46%)PortfolioSign in to access your portfolioSign inTop gainersGMED Globus Medical, Inc. 83.89 +22.18 (+35.94%)FROG JFrog Ltd. 60.00 +12.74 (+26.96%)EOSE Eos Energy Enterprises, Inc. 18.26 +2.97 (+19.42%)OS OneStream, Inc. 22.74 +3.66 (+19.18%)EXPE Expedia Group, Inc. 258.25 +38.55 (+17.55%)Top losersUI Ubiquiti Inc. 612.19 -147.38 (-19.40%)PRMB Primo Brands Corporation 14.46 -3.24 (-18.31%)RUN Sunrun Inc. 17.13 -3.29 (-16.11%)DIOD Diodes Incorporated 44.28 -7.52 (-14.53%)DOCS Doximity, Inc. 54.29 -8.29 (-13.25%)Most activeNVDA NVIDIA Corporation 188.15 +0.07 (+0.04%)OPEN Opendoor Technologies Inc. 6.56 0.00 (0.00%)ACHR Archer Aviation Inc. 8.18 -0.70 (-7.88%)PLUG Plug Power Inc. 2.6500 +0.1400 (+5.58%)PFE Pfizer Inc. 24.43 +0.01 (+0.04%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 103,415.76 +2,584.48 (+2.56%)BKYI BIO-key International, Inc. 0.9620 +0.3273 (+51.57%)ETH-USD Ethereum USD 3,464.85 +150.56 (+4.54%)BYND Beyond Meat, Inc. 1.3900 +0.2000 (+16.81%)EOSE Eos Energy Enterprises, Inc. 18.26 +2.97 (+19.42%)Top economic events