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 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
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 pandemic
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 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
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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