Forex Flash: Rate cutting euphoria envelops the land – Deutsche Bank

FXstreet.com (Barcelona) - On the subject of rate cuts, the BoE yesterday defied joining the recent trend of surprise central bank easing seen in the past week. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “the past week has seen six central banks cut policy rates: the ECB, Danmarks Nationalbank, the Reserve Bank of Australia, the Reserve Bank of India, the National Bank of Poland and, last night, the Bank of Korea which collectively represent some 23% of world GDP. The BoE's decision was not a surprise especially given the recent momentum in UK data flow.”