DW Business July 14, 2024
India the country where gold prices have soared to an all time high it was one of 3 countries to take markets by surprise on wednesday the Indian Central Bank cut its benchmark rate by 35 basis points more than analysts expected. But india wasnt the only surprise for investors Thailand Central Bank unexpectedly lowered rates for the 1st time in 4 years and the reserve bank of new zealand cut the benchmark rate by 50 basis points to one percent the lowest level ever this series of rate cut decisions could be a sign the u. S. China trade war is taking its toll and central bankers are trying very...