European Central Bank expected to cut benchmark interest rate by at least 0.5%; Bank of England may cut rate by as much as 1%
Nov 6th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank is expected to cut its key benchmark interest rate by at least 0.5% today as the Eurozone faces the worst recession in 15 years. In London, the Bank of England may cut its rate by as much as 1%, as the UK slips into into a deep recession.