Hungarian central bank cuts key interest rate by half a point
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Hungary's central bank again lowered its benchmark interest rate by 50 basis points, from 10.5 to 10 percent, the bank said.
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Bank of England policymakers voted 9-0 to cut UK interest rates to 5.5% earlier this month, minutes show.
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The Federal Reserve on Tuesday slashed U.S. interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession.
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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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You never want to see the Federal Reserve panic, but that's what it looked like Tuesday when it cut a key interest rate in a surprise move as stock markets around the globe were tanking.
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The European Central Bank left intact its main interest rate at 4 percent, stepping away from a threat to raise rates, as the Bank of England cut its benchmark rate by a quarter-point, to 5.25 percent.
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The central bank took out the ax for the second time in just over a week, chopping off half a percentage point.
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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 Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession.
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New Zealand&#39;s central bank has again moved to ease inflation pressures, raising its key interest rate by 0.25 percentage points to 6.25 percent -- a level last seen in March 2001.
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Central bank chops rates, but stocks slide anyway.
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The Curious Capitalist: The Fed cuts rates by a half-point, and the stock market cheers  -  not that that means anything
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All nine members of the Bank of England's Monetary Policy Committee voted to cut interest rates by a quarter-point to 5.5 percent in December and even discussed whether slowing growth meant a bigger reduction might be needed.
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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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Despite the likelihood that proposed changes to the make-up of the Monetary Council of the National Bank of Hungary (MNB) will usher in a council more keen to cut rates faster, the weakening of the forint may ...
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The Bank of England's Monetary Policy Committee cuts interest rates to 5.25% from 5.5%.
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The Federal Reserve cut a key interest rate today, aiming to prevent turbulence in the housing and credit markets from slowing the U.S. economy.