Source page: McKinsey & Company
Commentary
Fear of inflation eases
Economics | Inflation
February 14, 2024 – A McKinsey Global Survey finds that concern over high interest rates has almost halved from earlier in 2023. In November and December just 18 percent of respondents cited inflation as a risk to growth, compared with 34 percent in March. Senior partner Sven Smit and colleagues note that while central banks in developed countries responded to the easing of inflation concerns by holding rates steady, Brazil cut rates and Russia raised them.
To read the article, see “Global Economics Intelligence executive summary, December 2023,” January 22, 2024.
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Visual form
Grid of small-multiple interest-rate charts.
Layout / body structure
The page is organized as a set of country mini-charts arranged in a grid, so the reader scans from panel to panel across Russia, Brazil, India, the United States, the United Kingdom, the Eurozone, and China.
What is being compared
It compares central-bank interest rates across major economies over time to show where tightening persisted and where easing began.
Measurement system
Each panel uses percentage interest rates on the vertical axis and monthly observations from January 2007 through December 2023 on the horizontal axis.
Visible structure inside the graphic
Every country has its own same-style time-series panel with a filled line or area, its own policy-rate label, and a shared visual scale that makes the cross-country comparison easier to read.
Main takeaway from the visual
Most of the panels end with rates still elevated or recently re-tightened, while Brazil and China stand out as the exceptions moving in a looser direction.
Key standout values or extremes
Russia spikes to about 20, Brazil swings from the low single digits back into the low teens, the United States and United Kingdom finish near 5, the Eurozone rises toward the mid-4 range, and China trends lower near the mid-3 range.
Controls / sequence, when applicable
This is a static chart image with no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the chart image is the full visual on this page.