Definition of Global Coordinated Interest Rate Cut
What is meant by a "global coordinated interest rate cut"? What is the definition of a "global coordinated interest rate cut"?
A global coordinated interest rate cut occurs when a number of central banks cut their interest rates at the same time.
This is done to confront some sort of shock to the global economy.

As mentioned, these cuts are intended to keep the global economy running in the face of some event that has shocked the system, such as the collapse of the US subprime market or perhaps the spread of a virus.
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In the case of the 2008 global rate cut, Canada, Sweden and China also cut their rates at the same time.
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