{"id":577634,"date":"2010-05-25T05:29:00","date_gmt":"2010-05-25T09:29:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-next-round-of-global-rate-cuts-begins-any-moment-now-2010-5"},"modified":"2010-05-25T05:29:00","modified_gmt":"2010-05-25T09:29:00","slug":"the-next-round-of-global-rate-cuts-begins-any-moment-now","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/577634","title":{"rendered":"The Next Round Of Global Rate Cuts Begins Any Moment Now"},"content":{"rendered":"

\"australia<\/p>\n

The pressure is clearly growing on Jean-Claude Trichet to go beyond the bond purchases he’s announced already.<\/p>\n

He’s being forced by a horde of currency\/bond\/sovereign vigilantes to go into full-blown quantitative easing\/debt monetization. His next job: Buy the debt of failing Spanish banks.<\/p>\n

But he’s not the only one being pushed.<\/p>\n

Check out what’s going on in Australia.<\/p>\n

Remember, back last Octobe<\/a>r it was the first country to raise rates, an aggressive (though impressive) case of getting ahead of the curve.<\/p>\n

Well now look.<\/p>\n

The Sydney Morning Herald<\/a>:<\/p>\n

Earlier this month the futures market had factored in another interest rate rise, maybe even two, before the end of the year. But a cut is now seen as more likely.<\/p>\n

The market shows the expected average level for the cash rate, set by the Reserve Bank of Australia (RBA), heading down from its current 4.5 per cent to a low point of 4.35 per cent though October.<\/p>\n

That implies a better-than-even chance of an interest rate cut to 4.25 per cent by that time.<\/p>\n

In one of the most important bellwether economies, the market seems to be forecasting a double dip, or at least alluding to one.<\/p>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The pressure is clearly growing on Jean-Claude Trichet to go beyond the bond purchases he’s announced already. He’s being forced by a horde of currency\/bond\/sovereign vigilantes to go into full-blown quantitative easing\/debt monetization. His next job: Buy the debt of failing Spanish banks. But he’s not the only one being pushed. Check out what’s going […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-577634","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/577634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=577634"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/577634\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=577634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=577634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=577634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}