Asian Central Banks Surprise in Global Race to the Monetary Bottom

The video discusses unexpected rate cuts by Asian central banks, including Thailand, India, and New Zealand, and their impact on global currencies and economies. It highlights the limited scope for further rate cuts by major central banks like the Fed, Bank of England, and ECB, and the potential for quantitative easing if a recession occurs.

What actions have Asian central banks taken recently, and how have they surprised the market?

Discuss the implications of the Bank of India and the Bank of New Zealand's recent rate cuts.

What challenges do central banks face in terms of rate cuts and economic recovery?

How does the current economic situation compare to the last recession according to the text?

What potential actions might the Fed and other central banks take if a recession occurs?