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Global Rate Cut Wave: Central Banks Pivot to Boost Economic Growth
543 sats \ 6 comments \ @TomK 24 Sep econ
In a coordinated effort to stimulate economic growth, central banks worldwide are embarking on a rate-cutting spree. Europe led the charge, followed by the Federal Reserve, with China making moves before, during, and after. Beijing aims to revitalize its struggling economy and real estate sector through cheaper credit.
The People's Bank of China (PBOC) is set to announce official policy changes on its website soon. They are supposed to cut RRR by 50 bp in the near future to provide 1 tn yuan liquidity to the markets , PBOC said on Tuesday.
Meanwhile, China's 10-year bond yield hit a record low of 2% during a high-level press conference, signaling market expectations of further easing.
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47 sats \ 4 replies \ @Satosora 24 Sep
Europe leading the charge? Are you sure, seems like the USA is purposely inflating everything.
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20 sats \ 3 replies \ @TomK OP 24 Sep
The EU IMO is in far bigger trouble as they have the euro-problem
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47 sats \ 2 replies \ @Satosora 24 Sep
USA has the dollar problem.
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20 sats \ 1 reply \ @TomK OP 24 Sep
Yes, but the Eurozone is a heterogene space and not one nation. It never will be. Any crisis brings the fight one against each other
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0 sats \ 0 replies \ @Satosora 24 Sep
That is true. Maybe you can bring the UAE into the EU. lol
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0 sats \ 0 replies \ @Coinsreporter 24 Sep
I'm excited how this Chinese cut would impact their market. Don't their bond yields hitting record low suggest that they should at least hold the rates steady. The market may react negatively.
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