A momentous week for central banks

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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Rate decisions made over the past 48 hours sum up the varied trade-offs facing central banks around the world. The Bank of Japan, US Federal Reserve and Bank of England all met this week — and they each shifted policy in a different direction.

On Thursday the BoE cut interest rates, for the first time since 2020, by 25…