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Some central banks in emerging markets are already acting.Chile unexpectedly lowered its benchmark rate by a quarter pointto 4.75 percent on Oct. 17, pointing to weaker growth, inflationand the global outlook. Israel on Sept. 23 surprised analystswhen it cut its key rate a quarter point to 1 percent, thelowest in almost four years.
Some central banks in emerging markets are already acting.Chile unexpectedly lowered its benchmark rate by a quarter pointto 4.75 percent on Oct. 17, pointing to weaker growth, inflationand the global outlook. Israel on Sept. 23 surprised analystswhen it cut its key rate a quarter point to 1 percent, thelowest in almost four years.