“The Bank of Korea just unexpectedly cut its key interest rate to 2.5% from 2.75%. This is pretty remarkable, considering that market economists have already been surprised by two other central bank rate cuts this week. On Monday, the Reserve Bank of Australia unexpectedly lowered its key interest rate to 2.75% from 3%. Earlier Wednesday, the National Bank of Poland unexpectedly cut its key interest rate to 3% from 3.25%. These three surprise rate cuts follow the ECB and the Reserve Bank of India last week. Global growth slowdown, ‘currency wars,’ etc. – call it whatever you’d like, but it seems to really be getting going now.”
http://www.businessinsider.com/3-surprise-interest-rate-cuts-this-week-2013-5
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 37 times, 1 visits today)
Related posts:
The Catastrophe of Modern Farming: A Full-Fledged Organic Opportunity
America’s Corporate Tax System Ranks a Miserable 94 out of 100 Nations in “Tax Attractiveness”
Caging Children, Separating Families: The War on Immigration Has Gone Too Far
7 Fundamental Conclusions about 2014
Experts: Syria attack could escalate violence and further destabilize region
TSA Will Stop Accepting Driver's Licenses From Nine States On Jan. 10
European Parliament votes to suspend US SWIFT data exchange
Don’t Fear the Taper
Mt. Gox Funds at Wells Fargo Have Been Seized
Bill Bonner: This Hugely Popular Investment Is About to Blow Up
Cruz' plan B for defunding Obamacare: ‘Shut down the military’
How Hackers Use Bots to Score Prime Restaurant Reservations
Ex-Army sergeants accused of working as drug cartel’s killers-for-hire
Sign of the Times: Misdirected Apology!
Police Brutally Attack And Release Dog On Unarmed Teenager