GRAPHIC-Major central bank rates plateau in January ahead of expected cuts

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Major central banks stood pat on interest rates in January, as the much anticipated change of course in the global monetary policy draws closer while emerging market peers ploughed on with rate cuts. January saw five of the central banks overseeing the 10 most heavily traded currencies - the U.S. Federal Reserve, the ECB, the Bank of Japan, Bank of Canada and Norges Bank - hold rate setting meetings with none changing rates. "Interest rates are set to remain front and centre in 2024," Philip Shaw at Investec said in a research note.