Major central banks in December delivered their biggest policy easing push since the spring 2020 COVID rate-cutting frenzy, with the latest moves making the annual 2024 easing effort the biggest in 15 years as policymakers brace for unsteady times.

Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.

Thailand's central bank is expected to cut rates twice, totalling 50 basis points this year starting in the second quarter this year, the Bond Market Association said on Thursday.

Swiss inflation slowed in December, supporting the case for more easing in interest rates. Consumer prices rose 0.6% from a year ago, Switzerland’s statistics office said. That matches the median estimate in a Bloomberg survey of economists and is down from November’s reading of 0.