The regulator took emergency measures in connection with the spread of the coronavirus and the fall of markets. For the first time since the 2008 financial crisis, the rate decision was made at an emergency meeting. Donald trump is in favor of even more base rate cuts.
The us Federal reserve, which serves as the country’s Central Bank, lowered the interest rate by 50 basis points to 1 – 1.25% on March 3 as a measure of economic stimulus. The decision was made after an emergency meeting.
The US economy remains strong, but the spread of the coronavirus poses growing risks to economic activity, the fed said in a statement. Continue reading
The demand for citizenship in Caribbean countries has increased sharply against the background of the pandemic, writes Caribbean 360.
Two other Caribbean countries, Saint Kitts and Nevis and Dominica, have started accepting applications online for the citizenship by investment program. Earlier, the same decision was made by Grenada. These measures are taken in connection with the spread of the coronavirus. Continue reading