Hungarian central bank cuts key interest rate by half percentage point
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The Hungarian central bank cut its benchmark interest rate by 50 basis points from 11.5 percent to 11.0 percent, the bank said in a statement posted on its website.
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The Bank of England's Monetary Policy Committee looks set to cut interest rates, analysts say.
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European Central Bank boss Jean-Claude Trichet talks down rate cut chances amid financial market problems.
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The Hungarian central bank lowered its benchmark interest rate by 50 basis points, from 11.0 percent to 10.5 percent, the bank said in a statement posted on its website.
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The Federal Reserve on Tuesday  slashed benchmark interest rates by a half-percentage point in  a bold bid to buffer the economy from a housing slump and  related financial market turbulence.
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The U.S. Federal Reserve on Tuesday slashed benchmark U.S. interest rates by a half-percentage point in a bold bid to buffer the economy from a housing slump and related financial market turbulence.
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Central bank chops rates, but stocks slide anyway.
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The Federal Reserve cut a key interest rate by half a percentage point today, the second rate cut in nine days, in an aggressive move to try to prevent a recession.
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The European Central Bank said Monday that a fine-tuning operation had allowed it to drain 36.6 billion dollars (52.8 billion dollars) from eurozone money markets.
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The Federal Reserve unexpectedly slashed a key interest rate by a bold three-fourths of a percentage point on Tuesday, responding to a global plunge in stock markets that heightened concerns about a recession. The Fed signaled that further rate cuts were likely.
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South Korea's central bank cuts interest rates by a quarter percentage point to 3.5% in a bid to drive growth in the economy.
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THE Bank of England left its key interest rate at 4.75 per cent yesterday, a decision that was widely expected, after a raft of data that showed the economy was cooling down.
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The US Federal Reserve has cut interest rates for the second time in nine days to ward off a recession.
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The US Federal Reserve surprises markets by cutting interest rates by 50 basis points to 4.75%.
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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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The Hungarian central bank lowered its key interest rate by 50 basis points, from 11.0 percent to 10.5 percent, the bank said in a statement posted on its website.
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European equity markets rallied strongly on Wednesday following the US Federal Reserve&#39;s move to cut its main interest rate by half a percentage point to 4.75 per cent.