The terminal rate is the peak policy rate in a given rate hike cycle.
The terminal rate is reached when a central bank stops tightening monetary policy—i.e., when it becomes clear that inflation is under control and expected to fall back to target.
The terminal rate is the peak policy rate in a given rate hike cycle.
The terminal rate is reached when a central bank stops tightening monetary policy—i.e., when it becomes clear that inflation is under control and expected to fall back to target.