Central Banks Around the World Are Cutting Rates NYT | Top Stories Eshe Nelson 19 September 2024 at 00:00 Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing. © Kirill Kudryavtsev/Agence France-Presse — Getty ImagesChristine Lagarde, the president of the European Central Bank, which has cut interest rates twice this year.