Global Central Banks Likely To Cut Rates Even More
Posted on December 05, 2008 at 19:02 PM EST
As the global recession accelerates, central banks are coordinating efforts to ease monetary policy. Until the financial crisis situation is fully quarantined, the economic paramedics will remain on high alert. As a result, the markets are currently reflecting the following probabilities for interest rate cuts: FED (U.S.): 100% probability of 50 bps rate cut and 24% ...
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