Reported 20 days ago
The recent rate cut by the Federal Reserve is being seen as a pivotal move that could encourage other central banks around the world, especially those that have been hesitant to lower rates. While several central banks, notably in the eurozone and Canada, have already made cuts, others, like those in South Africa and Asia, may now feel more confident in reducing their rates without risking currency depreciation. Analysts suggest that the Fed's decision could lead to a broader easing of financial conditions globally, helping to mitigate potential economic slowdowns.
Source: YAHOO