India, Thailand and New Zealand follow U.S. by cutting interest rates

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The New York Times: 3 Countries Cut Rates as World Braces for More Trade War TurbulenceThe Fed cut rates for the first time since 2008

Article published: Aug 7, 2019

IB Economics syllabus: Macroeconomics (monetary policy)

Amid fears from a global economic slowdown, the central banks of India, Thailand and New Zealand have cut their interest rates unexpectedly to make sure their economies get boosted by this expansionary monetary policy.

Source of image: David Gray/Reuters| Image from The New York Times article

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By EconDaddy IB Economics tutor|2022-01-13T10:35:42+00:00August 10th, 2019|Macro|Comments Off

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My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.