The one-point cut in interest rates was a wise move.
利率下调1个点是明智之举。
The reason was that the fed would respond "aggressively", by which he meant a cut in the federal funds rate of just one percentage point.
原因在于联储将会做出激进的反应,但他所谓的激进反应只不过是联邦基金利率会下调1个百分点。
The Bank of England made another big cut in interest rates, by one percentage point, to 2%.
英格兰银行再次大幅降低利息,降幅为1个百分点,降为2%。
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