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Nomura Economist Calls 25 Basis Point Rate Cut Appropriate Amid Mild Concerns

Nomura chief economist David Seif views the recent 25 basis point cut as expected and fitting in response to cautionary economic signs.

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Terms & Concepts
  • Basis Point: A unit equal to one hundredth of a percentage point, used chiefly in expressing differences in interest rates.
  • Rate Cut: A reduction in a benchmark interest rate by a central bank to encourage economic activity.