More central banks likely to follow Fed into easing, but effect could be muted
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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 (bps) cut to the Fed Funds rate - its largest since the global financial crisis in 2008 - to the range of 1-1.25 per cent.
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