Worldwide Move in a Bid to Steady Markets ; Financial Crisis
Birmingham Post › October 09, 2008
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Summary
The co-ordinated move by worldwide banks to cut interest rates yesterday is almost unprecedented. Analysts warned the steps did not amount to a "magic pill" but they said, as part of an overall package, the cuts could help to steady markets and stop the financial crisis from worsening.
Six central banks - The Bank of England, the European Central Bank, the US Federal Reserve and those in Canada, Sweden and Switzerland - all cut rates by 0.5 per cent.See the full content of this document
Extract
Worldwide Move in a Bid to Steady Markets ; Financial Crisis
In the UK, the cuts came alongside a move to spen...
See the full content of this document
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