Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.

Follow live coverage of the Federal Reserve's September policy meeting, including the interest-rate decision, summary of economic projections, and Chairman Jerome Powell's news conference today.

The US has finally announced a drop following a 23-year high and it could have major implications for Australia.

Donald Trump has argued that the Fed would only cut interest rates close to the election to help his political opponents.

Taiwan’s central bank held rates steady with a watchful eye on inflation, declining to join the Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy.