The European Central Bank, US Federal Reserve and Bank of England have all cut their key interest rates by half a percentage point.
The ECB interest rate now stands at 3.75%, the Bank of England rate is 4.5% while the US Federal Reserve's key rate is down to 1.5%
The US Federal reserve said it cut the rate 'in light of evidence pointing to a weakening of economic activity and a reduction in inflationary pressures.'
In a joint effort to stem losses coming from the financial markets crisi... read more »
