Central banks across Europe have paused their Rate hike campaigns as they face a "triple dilemma" of balancing slowing economies, high inflation, and the delayed impact of previous rate hikes. The Bank of England opted to pause interest rate moves after 14 consecutive hikes, while the Swiss National Bank took a similar approach. The European Central Bank raised rates but suggested they may have reached a peak. Norway and Sweden raised rates but hinted at peak rates as well. The decisions reflect the challenges central banks face in managing inflation and economic growth.

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