Fed rate cut reaction: 'Premature' but Bank of England set to follow lead
Coronavirus concerns
The US Federal Reserve cut rates on Tuesday
A "bold" but potentially "premature" 50 basis point interest rate cut from the US Federal Reserve should pave the way for other central banks, including the Bank of England (BoE), who investment professionals believe is set to follow suit.
The Fed funds target range was cut to between 1% and 1.25% on Tuesday (3 March) on coronavirus fears, following the stockmarkets' largest weekly fall since the Global Financial Crisis. As markets fell...
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