Fed rate cut delay won’t hold back global easing

The US Federal Reserve Building in Washington. — Reuters

NEW YORK: Global policymakers aren’t about to let the US Federal Reserve’s (Fed) delay in cutting interest rates distract them too much from their own easing efforts.

Among the 23 of the world’s top central banks featured in Bloomberg’s quarterly guide, only the Bank of Japan (BoJ) won’t end up lowering borrowing costs within the next 18 months.