Business | Banking
US Fed drops rates to zero to 0.25 per cent
The US Federal Reserve on Tuesday cut its target for overnight interest rates to zero to 0.25 per cent, bringing it closer to unconventional action to lift the economy out of a year-long recession.
- Agencies
- Published: 23:50 December 16, 2008
Washington: The US Federal Reserve on Tuesday cut its target for overnight interest rates to zero to 0.25 per cent, bringing it closer to unconventional action to lift the economy out of a year-long recession.
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