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Europe's Central Banks Slash Interest Rates

Phil’s Stock World found this 11/6/2008 on 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 rate to 3% from 4.5%, signaling deep concern ...