Kou Mikami's personal annotations on this page
"Six central banks - including the Bank of England - have cut their interest rates by 50 basis points.
The UK rate move - which had not been expected until Thursday - puts interest rates at 4.5% from 5%.
The US Federal Reserve has cut rates from 2% to 1
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Six central banks - including the Bank of England - have cut their interest rates by 50 basis points.
The UK rate move - which had not been expected until Thursday - puts interest rates at 4.5% from 5%.
The US Federal Reserve has cut rates from 2% to 1.5% and the European Central Bank trimmed its rate from 4.25% to 3.75%.
The central banks of Canada, Sweden and Switzerland all took similar action in the co-ordinated move.
<!-- E SF -->The unprecedented step is aimed at steadying a faltering global economy and slumping stock markets.
The Fed said that it had acted "in light of evidence pointing to a weakening of economic activity and a reduction in inflationary pressures".
This link has been bookmarked by 1 people . It was first bookmarked on 08 Oct 2008, by someone privately.
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Kou Mikami
"Six central banks - including the Bank of England - have cut their interest rates by 50 basis points.
The UK rate move - which had not been expected until Thursday - puts interest rates at 4.5% from 5%.
The US Federal Reserve has cut rates from 2% to 1-
Six central banks - including the Bank of England - have cut their interest rates by 50 basis points.
The UK rate move - which had not been expected until Thursday - puts interest rates at 4.5% from 5%.
The US Federal Reserve has cut rates from 2% to 1.5% and the European Central Bank trimmed its rate from 4.25% to 3.75%.
The central banks of Canada, Sweden and Switzerland all took similar action in the co-ordinated move.
<!-- E SF -->The unprecedented step is aimed at steadying a faltering global economy and slumping stock markets.
The Fed said that it had acted "in light of evidence pointing to a weakening of economic activity and a reduction in inflationary pressures".
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