Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Tuesday, January 22, 2008

Emergency Rate Cut II

As I stated earlier today, there has been an emergency interest rate cut.

The US Federal Reserve has cut interest rates by 0.75% to 3.5%.

Quite why the BBC are calling this "a complete surprise" is beyond me, as I wrote about it this morning before the Fed made their announcement.

Now we need the other two major central banks to follow suit, namely the Bank of England and the ECB.

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