⚠️CHART OF THE WEEK: World's central banks are sharply cutting interest rates
Bank of Canada, European Central Bank and Swiss National Bank cut rates this week
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A quick update about the major world’s central banks interest rates.
Bank of Canada cut rates by 0.50% on Wednesday for the 2nd consecutive time.
European Central Bank (Economic and Monetary Union - EMU) and Swiss National Bank slashed rates by 0.25% and 0.50% on Thursday.
Meanwhile, the Federal Reserve is expected to cut by another 0.25% next week, the third reduction this economic cycle.
Global central banks have been cutting rates at a faster pace since the 2020 Crisis as economies are struggling.
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