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Economy

Rate cut spreads in Asia, but currency risks loom

India, Thailand and New Zealand surprise analysts with bigger-than-expected moves

Reserve Bank of India led by Gov. Shaktikanta Das cut the policy rate to boost Indian economy.   © Reuters

MUMBAI/BANGKOK -- The central banks of India, Thailand and New Zealand all lowered key interest rates on Wednesday, following the U.S. Federal Reserve's decision to cut rates. The moves show the central banks' eagerness to tackle slowing growth and economic uncertainty, particularly the outlook for the U.S.-China trade war.

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