The Interest Rate Cuts will be used as a weapon in combating the recession and inflation. The Fed in US, the BOE and the ECB will reduce their Interest Rates in facing the Global Financial Crisis.
The Fed lowered its target Interest Rate to between zero and 0.25 % last month and pledged to keep the Interest Rate as low as possible.
European Central Bank will cut interest rates to 1.50 % by June, and refrain from reducing borrowing costs beyond that. The Fed lowered its target rate between zero and 0.25 percent last month and pledged to keep the rate low.
The Bank of England will lower its benchmark rate by half a percentage point to an all-time low 1.5 % when it announces a policy decision today according to a Bloomberg survey.
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