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15 August 2020

QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices - Bitcoin News

QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices - Bitcoin News


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Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide.

This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong, Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Brazil, Indonesia, and Georgia have joined the rate slashing party.

Massive monetary easing continues worldwide but yet central banks are still in panic mode.

Whether it’s slashing interest rates, participating in overnight repos, or printing massive amounts of fiat, all the central banks are in on the game.

However, what central banks are doing right now is expanding monetary easing policies and taking part in large-scale open market operations.

Now there are 37 central banks worldwide increasing the global money supply and a slew of them have joined the easing club in the last two weeks.

Chile reduced rates from 2% to 1.75% while Georgia’s central bank raised refinancing rates to 8.5% from 7.5%.

Rumors stemming from social media that a few small banks might fail sparked the bank runs.

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