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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