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Moment for decision

26 0 0
Central bank should not miss right timing to cut interest rate

The United States has lowered its key interest rate for the second time this year. On Wednesday (local time), the Fed cut its policy rate by 25 basis points to a range of between 1.75 percent and 2.0 percent.

It was a preemptive move to protect the U.S. economy from uncertainty and downward risks caused by the trade dispute with China and the slowdown of global business.

The U.S. central bank stopped short of sending clear signals about an additional rate cut. It is........

© The Korea Times