The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.
The move was the first such cut since the financial crisis.

Markets had been widely expecting the U.S. central bank to take some type of action, with anticipation of a 50 basis point cut by the next Federal Open Market Committee meeting later this month.
The move comes the same morning the G-7 announced that it would commit unspecified tools to help the global economy deal with the threat, and as Wall Street was in the midst of another market sell-off.

Markets immediately turned higher on the announcement.

https://www.cnbc.com/2020/03/03/fed-cuts-rates-by-half-a-percentage-point-to-combat-coronavirus-slowdown.html

In addition to the cut on its benchmark overnight borrowing rate, the Fed also announced a half-percentage-point cut on the interest it pays on excess bank reserves.

 

Reserve Bank of Australia cuts interest rates to record low 0.5% amid coronavirus concerns

The Reserve Bank of Australia has cut official interest rates to a new record low of 0.5% due to the “significant effect” of the coronavirus outbreak on the Australian economy and has signalled it is prepared to cut further if needed.

“The global outbreak of the coronavirus is expected to delay progress in Australia towards full employment and the inflation target,” the RBA governor, Philip Lowe, said.

He said that at a meeting on Tuesday the bank’s board “therefore judged that it was appropriate to ease monetary policy further to provide additional support to employment and economic activity”.

The Covid-19 outbreak cruelled hopes of an end to a slowdown in global economic growth that started in 2018, he said.

https://www.theguardian.com/business/2020/mar/03/reserve-bank-of-australia-cuts-interest-rates-to-record-low-05-amid-coronavirus-concerns

Federal Reserve announces first emergency rate cut since the financial crisis

The Federal Reserve slashed interest rates by half a percentage point on Tuesday in the wake of concerns that the coronavirus outbreak could damage the US economy.

It's the first unscheduled, emergency rate cut since 2008, and it also marks the biggest one-time cut since then. The new benchmark interest rate is 1% to 1.25%.

 

While the fundamentals of the US economy remain strong, "the coronavirus poses evolving risks to economic activity," the central bank said in a statement.

 

Just last week, several Fed officials said it was too early to cut rates in the face of the global virus outbreak. Fed Chairman Jerome Powell released a statement on Friday, saying the central bank would act as appropriate.

 

 

 

Market expectations for a half-percentage point cut for the Fed's March 18 meeting were 100% as of Tuesday morning.

https://www.cnn.com/2020/03/03/economy/federal-reserve-rate-cut/index.html

பொருளாதார வளர்ச்சி என்ற பெயரில் இந்த உலகை படித்த மனிதர்கள் அழித்து வருகிறோம்.   இது இயற்கையிடம் இருந்து வரும் பதில்.  சீனாவில் இருந்து வெளியேறிய நச்சு புகைகள் கொஞ்சம் அடங்கி இருக்கின்றன.  

1 hour ago, விவசாயி விக் said:

பொருளாதார வளர்ச்சி என்ற பெயரில் இந்த உலகை படித்த மனிதர்கள் அழித்து வருகிறோம்.   இது இயற்கையிடம் இருந்து வரும் பதில்.  சீனாவில் இருந்து வெளியேறிய நச்சு புகைகள் கொஞ்சம் அடங்கி இருக்கின்றன.  

என்ன செய்வது!  "பணம் என்றால் பிணமும் வாய்திறக்கும்" என்றார்களே.

பெறும் வரிகளை அரசுகள் சரியாக பயன்படுத்தாமையும் ஒரு காரணம்.