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Article: European Central Bank cuts key rate by 50 points to 1.50 percent
- Article from:
- Xinhua News Agency
- Article date:
- March 5, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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European Central Bank cuts key rate by 50 points to 1.50 percent
BERLIN, March 5 (Xinhua) -- The European Central Bank (ECB) on
Thursday cuts its key interest rate by 50 points to 1.50 percent to
counter the economic slowdown in the eurozone.
This is the fifth time the ECB has cut the rate to counter the
economic slowdown in six months, sending its key rate to a record
low. Earlier, the Bank of England (BOE) cuts its key rate by 50
points to 0.5 ...