Global financial markets were mixed after the US Federal Reserve’s surprise rate move, with many investors unconvinced that rate cuts alone would be sufficient to stabilise the global economy. Photo: AP

Coronavirus: China set to cut interest rates along with other countries to offset Covid-19 damage

  • Hong Kong was the latest to follow the United States, Australia and Malaysia in announcing an interest-rate cut
  • China, though, is unlikely to fully match the half point interest rate cut by the US Federal Reserve
Topic |   Coronavirus outbreak

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Global financial markets were mixed after the US Federal Reserve’s surprise rate move, with many investors unconvinced that rate cuts alone would be sufficient to stabilise the global economy. Photo: AP
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