Central Banks Get Their Act Together ; Noontime Move to Kick-Start the Global Economy Back Into Life
Linked as:
Summary
IN A DAY that will go down in history as unprecedented, central banks and government's around the world yesterday acted in concert to reduce interest rates while the British Government stumped up pounds 400bn in a bid to rescue the banking system and the nation's economy from collapse.
In a remarkable act of international co-ordination, the Bank of England cut UK rates by 0.5% while central banks throughout Europe, the United States and even China moved to stimulate the global economy.See the full content of this document
Extract
Central Banks Get Their Act Together ; Noontime Move to Kick-Start the Global Economy Back Into Life
The banks acted simultaneously at 12noon GMT in a move that took international markets by surprise. The Bank of England had not been scheduled to make any announc...
See the full content of this document
Sponsored links
