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Kuwait cuts borrowing rates for the first time in 2019, which other GCC Countries followed US FED Rate Cut?

October, 2019

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Executive Summary

The US Federal Reserve cut the interest rate for the third time in the year by another 25bps to a target range between 1.5% to 1.75%. The move is to bolster the US economy. The Fed changed its commentary from "will act as appropriate" to "will monitor the implications of incoming information for the economic outlook as it assesses the appropriate path" signaling a momentary pause in the rate cut cycle.

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