FED, WORLD BANKS, LOWER SHORT-TERM INTEREST RATES BY HALF A PERCENTAGE POINT

Date October 26, 2008

The Fed, in concert with several world banks today lowered key lending interest rates by half a percentage point in an effort crafted to curb economic damage from the U.S. financial crises that has been spreading across global markets.
The move follows Monday’s sharpest declines in several years on Wall Street and Friday’s passage of the [...]

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