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More central banks likely to follow Fed into easing, but effect could be muted
The US Federal Reserve caught many by surprise with an emergency rate cut to stem effects of the Covid-19 outbreak, and strategists believe other central banks will follow suit, though the effects could be limited.
PHOTO: REUTERS
Singapore
THE US Federal Reserve caught many by surprise with an emergency rate cut to stem effects of the Covid-19 outbreak, and strategists believe other central banks will follow suit, though the effects could be limited.
On Tuesday, the US central bank made a 50 basis points (...
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