There are now more central banks cutting interest rates than those hiking them: Deutsche Bank analysis

• There are now more central banks cutting rates than those hiking rates, per a Deutsche Bank analysis.
• However, there may not be a big easing cycle unless the US enters a recession.
• The Fed has held rates steady since July after 11 hikes since March 2022, stoking speculation it's pivoting from its tightening cycle.

Central banks around the world have been hiking interest rates relentlessly in the last 18 months to tame inflation — but some are now cutting them.

For the first time since January 2021, there are more central banks cutting rates than those hiking them, according to a report released by Deutsche Bank research strategist Jim Reid. Business Insider viewed the report, which was released on Tuesday.