Earlier, the Bank of Canada fired the first shot of interest rate cuts, which was expected. After all, Canada's economic environment is not as well controlled as that of the United States. If Canada does not cut interest rates, it will not be able to survive.
At present, the European Central Bank has not seen any information on interest rate cuts. But there is a high probability that it will follow suit. After all, Europe has been calling for interest rate cuts for more than a day or two, and the landlords have no more surplus food. The Russia-Ukraine incident has made the big brother, the United States, continue to fleece the wool, and in the end, they have to take out money to support Ukraine. Finally, the big brother said that he wanted to revitalize the real economy and bring European companies to the big brother's house. It is really difficult for Europe to be the big brother.
Now, someone is taking the lead in cutting interest rates. Europe doesn't have to be the first to do something bad. It's like someone handed you a pillow when you were sleepy. If you miss this opportunity, you don't know how long you will have to wait for the next one. So the ECB is likely to cut interest rates in the next few days. This will force the Americans to speed up the timetable for cutting interest rates. After all, if everyone cuts interest rates, it will be meaningless for you to hold on.
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