Thursday, November 6, 2008
Rate Cuts in Europe
The Bank of England cut their benchmark rate from 4.5% to 3.0% and the European Central Bank cut to 2.75% from 3.25%. The U.K. is experiencing their slowest economic growth rates in almost 20 years and the ECB obviously feels that they can finally lower their inflation vigilance.
On another note, this is post # 100. I hope that this has been a useful resource. Please leave a comment or drop me a line to let me know how this forum can be more helpful. Thank you.
Posted by MK at 8:21 AM