It’s old news that the world economy is suffering. Ongoing trade tensions between the US China (and elsewhere too1), the draining Brexit saga, as well as a myriad of other geopolitical uncertainties, have taken their toll. Global growth is slowing, and investors are downbeat on world economic prospects. Recession in many major economies is now a real possibility.
As a result, central banks around the world have been busy cutting rates. A total of 54 central banks across developed and emerging markets have cut their policy/base interest rates as of October.