Worldwide cuts are not enough

- Central Banking staff
- 10 Oct 2008

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The coordinated cuts by six of the most powerful central banks could prove a useful step in improving market sentiment. But only if it is coupled with more action at both a national and international level, Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm, tells Central Bank News.

It is a sign of the times when something as dramatic as an unprecedented joint cut by six of the most powerful central banks only manages to soothe sentiment in equity markets for a

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