As the signs of economic slowdown in the US becoming stronger, the Fed has started to exert some efforts to alleviate the potential risk by cutting Fed funds rate target twice since July FOMC meeting. This, in turn, has provided other central banks more opportunities to take similar actions. BI has reduced its policy rates three times since Board of Governors’ meeting in July. BI accommodative monetary policy is also responding to the increased concerns over the slowing down of the domestic economic activities.

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