ZURICH—Central banks in Asia and South Africa lowered their interest rates Thursday, joining a global easing bandwagon that started earlier this year in the Asia-Pacific region and is expected to include the U.S. and Europe within weeks.
The latest moves, by central banks in South Korea, Indonesia and South Africa, underscore the global nature of the brewing rate-cutting cycle, as policy makers attempt to ward off signs of weaker economic growth. With economies and financial markets interconnected, expectations of lower interest...
“Best economy ever” Thanks for the great ride, BarackObama. Looks like the torch you passed will soon be extinguished.
Globally its a debt economy...easing of rates by all banks will maintain currency parity and at the same stimulate growth with more debt. What is the end game for this amount of debt? Who knows?
Trump’s econony in need of help already