Almost half of the world’s central banks followed by Central Bank News (CBN) have cut policy interest rates in the first 10 months of 2012, with banks becoming increasingly aggressive in easing as the global economic slowdown has worsened. By the end of October this year, 47 percent of the 88 central banks followed by CBN had cut interest rates, up from 34 percent at the end of the first half and 27 percent at the end of the first quarter. Demonstrating central banks’ determination to stimulate growth amid low inflationary pressure, the number of rate cuts in the first 10 months outnumbered the number of decisions of ... (full story)