Across the globe, central banks are getting nervous. Nowhere is this presumption more present than rate changes over the past month.
Here's a list of central bank rate changes over the past month.
- Denmark reduced their rate to -0.05%;
- Chile reduced their rate to 3.25%;
- Peru reduced their rate to 3.5%;
- People's Banks of China reduced its repo rate;
- Romania cut its policy rate to 3.0%;
- Poland reduced its rate by 50 basis points; and
- Korea dropped its rate to 2%.
Theoretically, the rate reductions are a result of central bankers becoming concerned about the health of certain economies.
Let's put the rate changes in context.
Central banks' policy rate changes
Here is what central banks have...

