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ECB cuts key rate to 3.25% from 3.75%

Thu, 6th November, 2008 - Posted by Joshuah

Source: MarketWatch

The Frankfurt-based European Central Bank on Thursday cut its key lending rate by half of a percentage point to 3.25%. Earlier Thursday, Bank of England slashed its key rate by an unexpected 1.5 percentage points to 3%.

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Category : Economics