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Article: E.C.B. cuts benchmark and 2 other interest rates Central bank's move could be in preparation for more aggressive tactic
- Article from:
- International Herald Tribune
- Article date:
- April 3, 2009
- Author:
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Matthew Saltmarsh International Herald Tribune
International Herald Tribune
04-03-2009
E.C.B. cuts benchmark and 2 other interest rates Central bank's move could be in preparation for more aggressive tactic
Byline: Matthew Saltmarsh International Herald Tribune
Edition: 1
Section: FINANCE/BUSINESS
PARIS: --
The European Central Bank cut its benchmark interest rate to 1.25 percent from 1.5 percent Thursday - a smaller move than was expected by most analysts - and announced further steps to try to revive bank lending.
Since October, the bank has cut the rate six times by a total of 2.5 percentage points.
The E.C.B. also cut two of its other official interest rates in a bid to spur bank ...