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Archive Home > 2008 > December > 05 > Europe’s central banks slash interest rates

Europe’s central banks slash interest rates


December 5, 2008

BRUSSELS, Belgium — Europe’s central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis.

The European Central Bank cut its interest rate by the biggest amount in 10 years, the Bank of England dropped to....

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