New Delhi, Sept. 5 -- Major global central banks are set to meet through September, with markets watching closely for fresh policy signals. Amid tariff-driven economic uncertainty, fears of slowing growth, and persistently soft inflation, the calls for interest rate cuts are growing louder. But for some, the path ahead may not be so straightforward.

The European Central Bank (ECB), which meets 11-12 September, faces a particularly delicate decision. Inflation in the eurozone edged up in August to 2.1% year-on-year, but stayed close to the ECB's 2% target.

"With interest rates set at neutral levels, you could argue that this is a logical time for the ECB to keep rates on hold," ING's Netherlands chief economist Bert Colijn noted in a 2 S...