Friday, November 7, 2008

More Rate Cutting

In an attempt to revive the economy, central banks around the world (US, Britain, Japan, Czech Republic, Switzerland, Denmark, and South Korea) have cut rates.  In addition, the 15 country member European Central Bank has also cut rates.  ECB President, Jean-Claude Trichet, declined to rule out further reductions.  Interest rates are now below the level of inflation and rumored to go even lower.  Full article here.  How low can you go?


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