The phrase "further reduction" means to decrease something even more from its current level.
Sentences with «further reduction»
An individual can buy auto insurance online while sitting at home which helps in further reduction in insurance quotes due to automatic reduction in travel costs and utility costs. (policybazaar.com)
That organization provides a forum for negotiating further reductions of trade barriers, settling trade disputes, and enforcing the agreed global trade rules among nations. (cumber.com)
But with further reductions in inflation below 2 percent, nominal rigidity begins to bite so that the marginal payoff declines and then turns negative. (larrysummers.com)