This is the fastest rate-cutting pace by global central banks since the 2020 pandemic.
In the last 25 years, the highest number of cuts occurred in May 2020, with a total of 92 rate reductions worldwide.
For comparison, during the height of the Financial Crisis in 2009, central banks made 76 cuts globally.
It seems like central banks around the world are preparing for a potential global recession.
submitted by /u/MarciaUnrein
[link] [comments]