Fed's rate cut the signal other central banks wanted

The US Federal Reserve cut interest rates this week. (Image: US Federal Reserve)

Thu, 19 Sep 2024

By Paul HannonThe Federal Reserve’s rate cut has sounded the all-clear for overseas central banks that are also concerned about their domestic economic growth.Some of the world’s most consequential central banks, including those in the eurozone, the UK and Canada, had already started trimming interest rates in recent months. But a number of others, including in India, South Korea and South Africa, have held back. And the Fed’s move could encourage them to take the plunge. For many central banks, lowering rates ahead...

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