Submit a Story!
Votes
topics:

vote down flag
ft.com - 11/6/2008
ECB cuts interest rates to 3.25%
—
Eurozone interest rates have been slashed by a half percentage point to their lowest level since October 2006 - as the European Central Bank responds to the region's rapid plunge into recession. Despite some speculation that a deeper cut might be announced, the ECB seems to have decided that ...
ft.com - 11/6/2008
UK interest rates cut to 3%
— ft.com — The Bank of England's Monetary Policy Committee slashed its key rate by an unprecedented 1.5 percentage points... to 3 per cent, underscoring the Bank's deepening concern over a contracting economy (more) UK interest rates cut to 3%

Comments vote down FT Alphaville found this 11/6/2008found this
online.wsj.com - 11/6/2008
Europe's Central Banks Slash Interest Rates
— online.wsj.com — The Bank of England surprised markets with a sweeping one-and-a-half percentage point interest-rate cut Thursday, as central... banks in Europe slashed their key rates to stave off deep and prolonged recessions. The Bank of England cut its key lending ... (more) Europe's Central Banks Slash Interest Rates

Comments vote down Phil’s Stock World found this 11/6/2008found this

Blog Reactions

Across the Curve:  ECB

European Tribune:  European Central Banks cut interest rates

GoldSeek.com:  Gold Rebounds Within the Range After More Rate Cuts

Comments
Blog Reactions

ECB
Across the Curve — The ECB acts also.

European Central Banks cut interest rates
European Tribune — ... , the European Central Bank has lowered its main interest rate by 0.50% , following a similar move by the Swiss National Bank and a much more spectacular ...

Gold Rebounds Within the Range After More Rate Cuts
GoldSeek.com — ... DJIA recorded its largest post-election day point drop ever. Yesterday's ADP employment report showed that nonfarm private employment fell by 157,000 jobs in Oct. This sets the stage for a rather dismal nonfarm payrolls number on Friday. Look for gold to remain underpinned on continued safe-haven interest. A short-term retest of last week's high at 776.80 is likely with potential for a move back above $800.00. Gold Market Movers : UK interest rates cut to 3% ECB cuts interest rates to 3.25% Stocks fall as investors ponder Obama presidency Record gold coins ...

Related Content
ECB To Cut Rates
traderdaily.com 1/15/2009 — ECB policy makers meeting in Frankfurt will lower the benchmark lending rate by half a percentage point to 2 percent, according to the median of 60 forecasts in a Bloomberg News survey. That would match the lowest rate since the ECB took charge of ...
'Shadow ECB' calls for immediate and drastic rates cuts
telegraph.co.uk 11/28/2008 — A forum of top economists from banks and institutes across Europe have called for drastic cuts in interest rates to head off a slump in the eurozone, slamming the European Central Bank for reacting too slowly to the fast-moving crisis.
House Prices and Interest Rates
calculatedrisk.blogspot.com 12/4/2008 — There were two stories published today concerning house prices and interest rates. The first story came out this morning, and quoted a report from Global Insight suggesting "the housing market is now slightly undervalued". Please stop laughing ... And ...
Fed Cuts Interest Rates: Does It Matter?
dailymarkets.com 12/17/2008 — The Fed has targeted 0.00-0.25% in the fed funds rate, and mortgage rates are currently moderate as well. But does it really matter? Financial institutions have been taking out advertisements that they are willing and ready to lend. The catch? They will only lend to “qualified ...
Video - Your Money: Lower Interest Rates And You
marketnewslive.blogspot.com 12/24/2008 — Just because the Federal Reserve is cutting interest rates, don't expect your credit card company to necessarily do the same. AP Personal Finance Editor Trevor Delaney takes a closer look.
ECB Cuts Rates Less Than Forecast, Delays New Tools (Update1)
bloomberg.com 4/3/2009 — April 2 (Bloomberg) -- The European Central Bank cut interest rates less than economists forecast and deferred a decision on what other tools it can use to rescue its ailing economy, suggesting a split on the bank’s Governing Council. The ...
Interest rates cut: Bank of England cuts rates from 3 per cent to 2 per cent
telegraph.co.uk 12/4/2008 — Rates have never been any lower since the Bank's foundation in 1694. The aggressive move, which most economists had forecast, comes as a raft of data shows the state of the economy is worsening by the day. Earlier today, Halifax, the country's ...
Tuesday Interest Rates and the US Dollar
headlinecharts.blog.com 9/9/2008 — Disclaimer: All charts and comments are intended for education and discussion purposes only. No investment recommendations are being offered. Please do your own research and take responsibility for all investment decisions ...
China Central Bank Cuts Key Rates for Fifth Time in 3 Months
bloomberg.com 12/22/2008 — Dec. 22 (Bloomberg) -- China cut interest rates for the fifth time in three months to support the world’s fourth-biggest economy after trade growth collapsed because of recessions in the U.S., Europe and Japan. The key one-year lending rate will drop ...
Bank of England cuts interest rates and announces plans to print £150bn
telegraph.co.uk 3/5/2009 — The Bank's Monetary Policy Committee voted to cut interest rates by half a percentage point to a new historic low of 0.5pc, and said it would immediately pump 75bn of cash into the economy. The sweeping move - known as quantitative easing and ...
Business this week — The Economist: Full print edition 11/6/2008
Amid signs of a worsening British economy, the Bank of England slashed its benchmark interest rate by one-and-a-half percentage points to 3%, its lowest level since 1955. Earlier, Gordon Brown said he hoped banks would pass on interest-rate ...