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Archive Home > 2012 > July > 06 > Central banks take action as global growth slows

Central banks take action as global growth slows

By Simon Kennedy / The Bulletin
July 6, 2012

LONDON — Global central banks went on the offensive against the faltering world economy Thursday, cutting interest rates and increasing bond buying as a round of international stimulus gathers pace.

In a 45-minute span, the European Central Bank and People’s Bank of China cut their benchmark....

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