Interest Rates CBs % Cutting

📌 Description

This indicator tracks how many central banks around the world are currently cutting their policy rates. It aggregates policy rate changes from more than 30 central banks (including the Federal Reserve, ECB, BoE, BoJ, PBoC, Banco Central do Brasil, and many others) and normalizes the count to show the global percentage of banks easing monetary policy at any given time.

The calculation is simple:

A rate cut is counted as +1

A rate hike is counted as -1

No change = 0

The results are normalized by the number of banks with available data

The output is a smoothed line showing the share of central banks currently cutting rates. This helps highlight shifts in the global monetary cycle, which can be useful for macro-oriented analysis, risk-on/off regimes, or as a background filter for other strategies.

⚖️ Attribution

This script is inspired by and based on the “Global Central Banks Cutting Rates” indicator developed by Julien Bittel (MIT / RealVision). This version expands the coverage to a broader set of central banks and provides additional flexibility for signal smoothing.

🛑 Disclaimer

This indicator is for educational and analytical purposes only. It does not constitute financial advice or a trading signal. Please do your own research before making any investment decisions.