Interest rates are likely to be cut further around the turn of the year as an additional stimulus to...
Interest rates are likely to be cut further around the turn of the year as an additional stimulus to the world's ailing economies. Consensus suggests there is scope for more cuts in the US, UK and Europe, although the extent of such moves by the key central banks is in part dependent upon the nature of the economic data newsflow in the coming months. Tony Dolphin, director of global equities at Henderson Global Investors, says the US Federal Reserve has almost finished its work, but may cut again around the New Year. He says: 'The Fed is just about done, but there could be another 25bp ...
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