the U.s. central bank has lowered the main refinancing rate. This is already the third rate cut this year.
the interest rate will range from 1.50–1,75, or 0.25 percentage points lower than before.
the central bank justified its decision with the international economic risks, such as the Us and China trade war. Lower interest rates encourage people to consumption and borrowing.
the central bank issued today to understand that the new rate cut this year have in store.
Sources: AP, AFPSubscribe Yle newsletters!
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