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1. Central Banks for Euro Zone and Britain Drop Key Interest Rates to Record Lows.

Author

CARTER DOUGHERTY

Subjects
*INTEREST rates, *CORPORATE bonds
Abstract

The Bank of England and the European Central Bank both cut key interest rates by half a percentage point on Thursday, pushing the rates to their lowest levels ever. At the same time, the British central bank took an unprecedented step intended to pump cash into the economy by buying government and corporate bonds. [ABSTRACT FROM PUBLISHER]

Published
2009

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