Nearly half of global central banks raised rates in 3 months, the most in 3 years
As seen on the 24/7 Wall St. homepage on November 8, 2026.
A 40 percentage point swing since March means the cheap-money tailwind behind equity and bond valuations is reversing worldwide, beyond the Fed.
The global rate hike cycle is accelerating: ~45% of global central banks have raised interest rates over the last 3 months, the largest total in 3 years. This proportion has surged +40 percentage points since March. By comparison, between 2024 and March 2026, more central https://t.co/1p9HuEG7Mq
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Around 45% of global central banks raised interest rates over the last three months, the largest share of simultaneous hikes in three years. That marks a decisive regime change in global policy.
The scale of that reversal matters because cheap money has been the quiet engine behind elevated equity and bond valuations globally. When only a small fraction of central banks were tightening between 2024 and March 2026, that backdrop gave investors room to price assets aggressively. The jump in the share of hiking banks in just months removes that comfort.
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The shift also means pressure on asset prices is no longer a story contained to any single central bank. When rate increases are this broadly coordinated across the globe, the discount rate applied to future earnings rises in tandem almost everywhere, compressing valuations across markets simultaneously.
The Kobeissi Letter posted this observation on November 8, 2026, and it drew more than 70,000 impressions within hours, reflecting how closely markets are watching the pace at which the global tightening cycle is now broadening.