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As we venture into 2025, borrowers are keenly watching the interest rate landscape, which is set to undergo a period of adjustment. Central banks globally are signaling a move towards rate cuts, though the pace is expected to be gradual. This means that while borrowing costs might ease from their recent highs, they are unlikely to revert to the exceptionally low levels experienced in the past. This cautious approach is a strategic balance, influenced by persistent inflation concerns, the dynamics of the labor market, and a backdrop of global economic uncertainties. Understanding these shifts is paramount for anyone planning to borrow, whether for a mortgage, a car, or to manage existing debt.
