Last week 11 central banks took monetary policy decisions, with four banks (Australia, Uganda, Poland and Azerbaijan) cutting rates, one bank (Malawi) raising rates and the remaining six (Canada, United Kingdom, the European Central Bank, New Zealand, Egypt and Peru) keeping rates on hold.
Year-to-date, the 88 central banks followed by Central Bank News have cut their policy rates 118 times and only raised them 29 times, i.e. rates have been cut more than four times … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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