New Delhi, Feb. 24 -- Every month, Mint's Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

In 2024, several central banks started the rate-cutting cycle as inflation eased, including the US Federal Reserve. However, the easing cycle was not consistent among different countries and the trend is likely to continue in 2025 as well. Several countries, including the US, the UK, and Japan will announce their monetary policy decisions next month amid an uncertain economic...