The People's Bank of China follows the Fed in cutting interest rates!
The world currency status and tidal effect of the US dollar make central banks of various countries walk on thin ice and dare not act rashly. The first interest rate cut by the Federal Reserve on September 18 gave countries a chance to breathe;
After the first interest rate cut by the Federal Reserve, the People's Bank of China introduced heavy-duty reserve ratio cuts, interest rate cuts and real estate stimulus policies; Hong Kong stocks, A shares and Chinese concept stocks soared;
The central banks of the European Union, the United Kingdom, Canada, Australia, South Korea, India and other countries will follow up and accelerate interest rate cuts in the fourth quarter to boost the economy.
Under the tide of interest rate cuts, precious metals, commodities, and emerging market assets will benefit from the rise, and risk assets represented by BTC will also rise;
