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Excerpt from:  FX Rates

October 08, 2008 U.S. Fed Leads the Way in Global Interest Rate Cut Central banks around the world cut interest rates The U.S. Fed is leading the way in a global interest rate cut designed to stimulate the world economy. The Federal Reserve has cut its own rate by 50 basis points, bringing the rate to 1.5 percent. Other central banks that have cut their rates include: European Central Bank Canada Bank of England Sweden Switzerland Yesterday, the Australian central bank slashed its rate by an entire percentage point. Global Rate Cut Forex trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 Topic Tags:  Bank of England, central banks, European Central Bank, global interest rate, interest rate cut, U.S. Fed by mmarquit  |  ↑top  |  link to this

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