US Federal Reserve announced a cut of its benchmark borrowing rate on Wednesday ‘in light of the progress on inflation and the balance of risks’.
As the US Federal Reserve officially kicked off a rate-cutting cycle, China and other Asian economies are likely to see more room to carry out easing policies and boost growth, analysts said.
The US Federal Reserve announced a cut of its benchmark borrowing rate by 50 basis points on Wednesday, brining its benchmark rate range to 4.
