Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil. The U.S., the U.K. and nine other nations, along with the European Central Bank have bolstered monetary stimulus in the past three months. Six more countries, including Mexico and Sweden, probably will cut benchmark interest rates by the end of March, JPMorgan Chase & Co. forecasts.
Central banks ease most since 2009
Most Popular Articles
Latest Articles
HUD adds $90M in funding to protect homes from health hazards
With lead paint still present in millions of homes, HUD is aiming to limit exposure among vulnerable populations.