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Archive Home > 2008 > November > 07 > European central banks slash rates

European central banks slash rates


November 7, 2008

LONDON — The Bank of England slashed its key interest rate by 1.5 percentage points Thursday to its lowest in more than 50 years in a dramatic bid to cushion the coming recession, while the European Central Bank settled for a more conservative half-point trim. The British central....

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