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Global central banks are in a rate-cutting frenzy. Here are the 7 other meetings coming up this month, and what’s expected at each.

Fed Chair Jerome Powell

  • The European Central Bank announced rate cuts and stimulus for the eurozone on Thursday.
  • Turkey and Denmark also slashed rates on the same day.
  • Seven more major central banks including the Federal Reserve will meet in September, meaning more rate cuts are on the table.
  • on Markets Insider.

On Thursday, the European Central Bank announced a round of stimulus for the eurozone that included both a rate cut and quantitative easing.

Interest rates were slashed 10 basis points to -0.5%, the lowest level ever and the bank said it will begin purchasing 20 billion euros of bonds a month starting read more >>>

Source:: BusinessInsider.Com