Central banks worldwide cut interest rates

Various central banks.pngIn an effort to reduce the effect of the ongoing financial crisis, six central banks worldwide have reduced their interest rates by 0.5% in an unexpected move which took place today. The banks involved in the deal are the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, Sveriges Riksbank, and the Swiss National Bank. more…

source: http://en.wikinews.org/wiki/Central_banks_worldwide_cut_interest_rates

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