Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong, Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Brazil, Indonesia, and Georgia have joined the rate slashing party.
The World’s Central Banks Join Hands to Invoke the Longest Easing Cycle in a Decade
Massive monetary easing continues worldwide but yet central banks are still in panic mode. A colossal amount of synchronization and the longest easing cycle in a decade is upon us as central banks everywhere are attempting to fix the global economy. At the time of writing, 37 developed central banks are participating in some form of stimulus. Whether it’s slashing interest rates, participating in overnight repos, or printing massive amounts of fiat, all the central banks are in on the game. Some of the big players like the U.S. Federal Reserve want the mainstream media to lie and say that what’s happening is not really another form of quantitative easing (QE). However, what central banks are doing right now is expanding monetary easing policies and taking part in large-scale open market operations. The most accurate definition of these processes would be calling the current schemes QE but central banks are not being honest.
When news.Bitcoin.com started reporting on the large number of developed central banks involved in easing tactics there were roughly 19 of them. Then the number was raised a few weeks later to nearly two dozen central banks bolstering different forms of stimulus.