The global interest rate cut wave is about to hit!

Loose expectations heat up, Hong Kong and A-shares metal sector rebounded, Beijing Xiaocheng Technology rose more than 8%, Yintai Gold, SD Gold, and Chifeng Jilong Gold Mining rose more than 3%.

Zhaojin Mining rose more than 5%, Lingbao Gold rose nearly 5%, SD Gold rose more than 4%, Zijin Mining Group and Chi Silver GP rose more than 3%.

The global easing tide is coming.

As inflation in each country is gradually being controlled, the global interest rate cut wave is coming one after another.

On March 21st, the Swiss National Bank announced a 25 basis point interest rate cut, lowering the benchmark interest rate from 1.75% to 1.5%.

On May 8th, the Swedish Central Bank announced that due to weak economic conditions, it will lower the benchmark interest rate by 25 basis points to 3.75% from May 15th. This is the first interest rate cut by the Swedish Central Bank in eight years.

Last night, the Bank of Canada announced a 25 basis point interest rate cut, becoming the "first interest rate cut" G7 country in this monetary cycle.

Previously, US inflation data exceeded expectations, and the market's expectations for a Fed interest rate cut tightened. It is expected that there will only be one interest rate cut this year..

However, after the Bank of Canada's interest rate cut last night, the market's bet on a Fed interest rate cut has increased. According to CME's FedWatch tool, traders believe that there is a 68.6% probability of a Fed interest rate cut in September, a 26.8% probability of a 25 basis point interest rate cut within the year, a 41.8% probability of a 50 basis point interest rate cut, and a 22.6% probability of a 75 basis point interest rate cut.

At the same time, the interest rate swap market has fully priced in two Fed interest rate cuts this year.

Will the European Central Bank cut interest rates by 25 basis points tonight?

Tonight, the European Central Bank will also welcome the interest rate decision for June. It is currently widely expected that the bank will cut interest rates by 25 basis points, the first interest rate cut in nine years.

After maintaining a high of 4% for nine consecutive months, analysts almost unanimously predict that deposit rates will be lowered by 25 basis points to 3.75% tonight.

In recent weeks, ECB officials have also continued to signal a rate cut in June. ECB President Lagarde said in May that inflation in the euro zone is "under control" after its historic surge.

In recent weeks, European Central Bank officials have also continued to signal a rate cut in June. Earlier in May, ECB President Lagarde stated that inflation in the eurozone had "been brought under control" after a historic surge.

This has led the European Central Bank to embark on the path of loose monetary policy ahead of the Federal Reserve and the Bank of England, both of whose inflation problems are more stubborn.

Most economists believe that the European Central Bank will cut interest rates three times this year, but investors have already lowered their expectations and have only fully priced in two cuts.

The European Central Bank will also release its latest economic and inflation data forecasts at tonight's meeting.

Economists predict that the new data forecasts will not change significantly, and that the forecast will once again show that inflation will return to its target by 2025.

However, after GDP exceeded expectations in the first quarter, eurozone economic growth this year may be revised upwards.

In the first quarter of this year, eurozone GDP grew by 0.3% compared to the previous quarter, ending a year-long stagnation and showing early signs of recovery.

David Powell, a senior economist in the eurozone, believes that:"The European Central Bank is almost certain to cut interest rates by 25 basis points on June 6th, and the focus may be on what will happen in the coming months. Lagarde is unlikely to indicate clearly that further action will be taken, but she may moderately suggest that more action will be taken in September."