Global Central Banks Pushing Interest Rates Lower to Negative Territory

by confoundedinterest

The CFR Global Monetary Policy Tracker is updated through September 1. The Index of Global Easing(-)/Tightening(+) holds steady at -6.68, significant easing, as markets anticipate a further Fed rate cut this month.

Easing monetary policy are Brazil, Chile, Peru and Colombia in South America, the European Central Bank, Australia, China, Turkey, Poland and Finland. Tightening? Pakistan, Sweden, the UK and Canada.

Almost 80% of negative yielding debt is held by global central banks.

So, what I like about Central Banks?? Nothing, as they continue their nosedive into negative interest rate territory.

Or as Borat said, … NOT!