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
New appraisal bias protections apply to reverse mortgage program: FHA
HUD and FHA made clear in statements to RMD that recent appraisal bias protections apply to all forward and reverse mortgage programs.