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Rate Cut Thursday - Central Banks Gone Wild!
Phil’s Stock World — ... The BOE slashed their benchmark interest rate by one AND one half percent, to 3% (that’s a 33% slashing) as the central bank noted "marked deterioration in the outlook for economic activity at home and abroad." ...

Opening Bell: 11.06.08
Dealbreaker — ... rate cuts; we should be looking for a 50bps announcement sometime in the near future. The FTSE was down 2.8% (at print), primarily on Commodities and Banks. As Oil prices have fallen, so goes those who sell - we saw BP, Royal Dutch Shell, Cairn Energy and Tullow Oil all fall back between 1% and 3%. Also of note, the mining sector saw a pull back overnight as metal prices fell in response to Vedanta Resources posting a 24.7% drop in first-half profit. Bank of England Makes Rate Cut. (WSJ) BOE cut their rate to 3% overnight; conservative ...

Rate Cuts in Europe
Calculated Risk — ... banking crisis in almost a century. That is an impressive rate cut. The ECB cut too: ECB Cuts Interest Rate by Half Point to Counter Economic Slump The European Central Bank lowered interest rates for the second time in less than a month to counter the euro region's worst economic slump in 15 years. ECB policy makers meeting in Frankfurt reduced the benchmark lending rate by half a percentage point to 3.25 percent ... The WSJ reports: Switzerland's central bank joined in, cutting its key rate target by half ...

Delicious Rate Cuts For Everyone!
Dealbreaker — ... lending rate to 3% from 4.5%, signaling deep concern as the British economy struggles with falling house prices and sharply tighter credit conditions. The European Central Bank, which makes monetary policy for the 15 countries that share the euro currency, cut its key rate by half a percentage point to 3.25%, as expected. Switzerland's central bank joined in, cutting its key rate target by half a percentage point to 2% in an unusual between-meeting move. Europe's Central Banks Slash Interest Rates [The Wall Street Journal]