It's Not Just the Fed. This Week Is a Central-Bank Bonanza
A swath of central banks followed the Federal Reserve in issuing interest-rate decisions, though several held policy steady: + The **Bank of England** held rates at 5%, as expected. Like the European Central Bank and others, it started easing ahead of the Fed, cutting in August for the first time in four years. + The **South African Reserve Bank** is expected Thursday to cut rates by 25 basis points to 8%, after encouraging inflation data.