Global Central Banks Cut Rates

In order to sail through global financial crisis, and maintain high level of liquidity in the market some of the major Central banks cut interest rates.

Find below the modified interest rates.

Federal Reserve Rate : 1.5%

European Central Bank : 3.75%

Canada Central Bank : 2.5%

Bank of England, UK : 4.5%

Sweden Bank : 4.25%

China Central Bank : 6.3%

Analyst said the in order to maintain liquidity in the market and faith in the financial market system, Central banks may decide to lower the interest rates further down.

Related articles by Zemanta

• Coordinated Rate Cuts A Big Help
• Financial Crisis Bank of England cuts interest rates in global effort

Thanks&Regards,
Mohit