IBANFIRST ANALYSIS: Central banks are back in action. The Fed is preparing to cut interest rates
Coronavirus
The Federal Reserve is preparing to cut interest rates in September, a first since the COVID-19 pandemic. Meanwhile, the European Central Bank (ECB) has already started this new monetary cycle and is expected to continue in September with another 25-basis point cut. On the other hand, Japan might increase rates again as its economy shows signs of recovery. Alin Latu , Country Manager Romania and Hungary at iBanFirst , a leading provider of international payments and foreign exchange services
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