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IXSE - Asia-Pacific Central Banks Took Easing Policy Aggressively To Curb Possible Economy Recession
WisdomTree India Ex-State-Owned Enterprises Fund
By Xav Feng
Three Asia-Pacific central banks, including New Zealand, Thailand and India, dropped a shocking bomb in the global market by cutting their interest rates aggressively on the same day.
By the means of responding to a worsening global economy, the central banks of New Zealand, Thailand, and India happened to lower their interest rates all on the same day - on August 7th - as the easing policy. Out of investors' expectation of a 25 basis point cut, New Zealand's central bank announced a 50 basis point cut on its cash rate, which