Reported 1 day ago
In December, major central banks initiated significant rate cuts, marking the largest easing effort in 15 years as they prepare for uncertain times. This coordinated action, involving five out of nine central banks that held meetings, resulted in a total of 825 basis points cut for 2024, the highest annual easing since 2009. Amid economic volatility and the upcoming change in U.S. leadership, these decisions reflect a notable shift in monetary policy that aims to boost economic stability.
Source: YAHOO