Key US interest rate cut

The United States Federal Reserve tonight cut a key short-term interest rate by a one-quarter percentage point to its lowest level in 45 years.

Key US interest rate cut
Wed, 25 Jun, 2003 - 20:48

The United States Federal Reserve tonight cut a key short-term interest rate by a one-quarter percentage point to its lowest level in 45 years.

The aim is to energise consumer spending and business investment and help the US economy snap into action.

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