The US central bank has cut interest rates for a third time, despite concerns that the move will deliver a boost to the economy that risks re-igniting price inflation.
The decision was expected, setting the Federal Reserve’s key lending rate in a target range of 4.25% to 4.5%.
That is down a full percentage point since September, when the bank started lowering borrowing costs, citing progress stabilising prices and a desire to head off economic weakening.
Reports since then indicate the job market has been more resilient than expected while price rises have continued to bubble.
This article was originally published at www.bbc.com
