In September, many central banks cut interest rates.

◻️In September, many central banks around the world decided to cut interest rates. The US Federal Reserve (Fed) lowered its policy rate by 50 basis points after a 4-year hiatus, from 5.25-5.50% to 4.75-5.00%.

◼️The European Central Bank (ECB) also made its second interest rate cut of the year, lowering its deposit rate by 25 basis points. During the same period, the Canadian Central Bank lowered its interest rate to 4.25%, while the Swiss National Bank lowered it to 1%.

◻️However, the Russian Central Bank increased its interest rate by 100 basis points to 19%. The Brazilian Central Bank also decided to increase interest rates.

✒️Ekotürk