Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes between them last month.The European Central Bank, the Bank of Canada, the Swiss National Bank and the Bank of Japan did not hold rate setting meetings in November.Global financial markets have been on a roller coaster in recent weeks as investors try to gauge how fast and how far the U.S. Federal Reserve and other major central banks are set to raise rates to combat inflationary pressures, while fears over a slowdown in global growth are spreading.Eight out of 18 central banks delivered a total 400 bps of rate hikes in November - up from 325 bps in October, but some way off the 800-plus bps monthly tallies in both June and July.Indonesia, South Korea, Mexico, Thailand, Malaysia, the Philippines, Israel and South Africa all hiked rates in November, showing the wave of policy tightening shift towards Asia and away from Latin America and emerging Europe, where the cycle is nearing its end."