Charity Investment News: Easing inflation sparks rate cuts across global central banks

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The Federal Reserve, European Central Bank and Bank of England all announced rate cuts over the third quarter of 2024. The BoE were the first to cut rates, reducing the base rate by 25 bps to 5.0% in August, amidst a reduction in inflationary pressures.

Meanwhile, oil prices declined rapidly with the weakest growth in demand since the pandemic, the main driver being sluggish growth of the Chinese economy.