The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled further tightening is round the corner as policymakers globally race to get on top of runaway inflation.
Central banks from the United States to Canada, Australia and Switzerland have lined up with aggressive rate rises recently. The European Central Bank last month delivered its first rate hike since 2011.
Japan, which is yet to lift rates in this cycle, is the holdout dove among the 10 big developed economies.
In total, those central banks have so far raised rates in this cycle by a combined 1,415 basis points.
