Russia, India, Turkey among central banks likely to ease rates

London

AN already busy year for interest rate cuts from central banks is likely to get busier. And you might even see some rate increases, too.

The countries poised to raise interest rates by the most this year include the US, Brazil, Mexico and Nigeria, according to median estimates in Bloomberg surveys of economists around the world.

After keeping rates at a record low of zero to 0.25 per cent since 2008, the Federal Reserve is expected to raise its benchmark interest rate to a range of 0.5 to 0.75 per cent by the end of the year. It will be join…