The global economy experiences unprecedented coordinated easing since the GFC. Gold’s broadening wedge indicates a potential 18% rise, targeting ~$3,100 by February 2025.

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The global economy is getting the biggest coordinated easing since the GFC at a time when macro conditions look nothing like the GFC. Here is a list of central banks that are currently easing their monetary policies:

United States: The Federal Reserve has initiated an easing cycle with a 50 basis points rate cut.

United Kingdom: The Bank of England has delivered a 25 basis points rate cut.

European Central Bank: The ECB has cut rates three times this year.

Switzerland: The Swiss National Bank has cut rates to 1% and is expected to ease further.

Sweden: The Riksbank has cut rates to 3.25% and is guiding markets to expect further cuts.

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New Zealand: The Reserve Bank of New Zealand has cut rates by 50 basis points.

Canada: The Bank of Canada is expected to lower rates further.

South Korea: The Bank of Korea has delivered a 25 basis points rate cut.

Mexico: The Bank of Mexico has also implemented a 25 basis points rate cut.

South Africa: The South African Reserve Bank has cut rates by 25 basis points.

Czech Republic: The Czech National Bank has implemented a 25 basis points rate cut.

For more detailed insights and updates, you can refer to the following sources:

https://www.weforum.org/stories/2024/12/economics-stories-growth-inflation-2024/

https://www.worldbank.org/en/news/press-release/2024/06/11/global-economic-prospects-june-2024-press-release

https://www.weforum.org/stories/2024/09/chief-economists-outlook-global-economy-growth/


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