🤯 Bank of America: Global central banks are cutting rates at the fastest pace since 2020 (during Covid-19).

▫️Over the past 3 months, central banks have cut interest rates 35 times (Q2 2024).

▫️For comparison: during the peak of the 2009 financial crisis, central banks cut interest rates 76 times.

+ The recent stock market collapse is unlikely to be the beginning of a new bear market.