The European Central Bank has cut interest rates by a record three quarters of a percentage point.
The move brought the ECB's benchmark rate in the Eurozone to 2.5 percent. It is the biggest single cut in the bank's ten year history and follows two cuts of half a percent, each made since October. Elsewhere in Europe, Sweden cut rates by a record 1.75 percentage points, while the Bank of England cut rates by 1.0 percentage point. Many analysts welcomed the moves but market Woman Jailed in Germany for Killing Newborn Baby in Freezer ...
Stocks rise in Hong Kong after lending rate cuts ...
US secure narrow lead over Europe ... reaction indicated that even more dramatic steps may be needed to stave off a global recession.
(Deutsche Welle)
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