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Central Banks Race to Bottom With Big August Rate Cuts By Bloomberg

Central Banks Race to Bottom With Big August Rate Cuts By Bloomberg

ECONOMIC NEWS

Central Banks Race to Bottom With Big August Rate Cuts By Bloomberg

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Bloomberg — August has been a busy month for central bankers across the world, with a streak of bigger-than-expected interest-rate cuts from and to , and beyond.

The race to the bottom started just after the Federal Reserve’s late-July , its first since 2008, that has left policy makers elsewhere with more room for stimulus as they try to pre-empt a potential economic downturn.

A decade into the global expansion, the risk of recessions are rising alongside weakening manufacturing and more trade-war uncertainty.

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