G10: Coordinated rate cuts |
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- Today, the central banks of the US (Fed), the UK (BoE), Canada (BoC), the euro zone (ECB), Sweden (RB) and Switzerland (SNB) announced a coordinated 50bp rate cut. - Below are our initial thoughts: - The coordinated action is a strong signal that the central banks are now working together to fight the financial crisis and support the global economy. We expect further rate cuts from all participating central banks over the coming year as they work to fight the economic
Filed under: Technical
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