Tom Hanna's Lifestream

The European Central Bank and Bank of England both cut rates for the second month in a row. The Bank of England cut rates by 1%, following a 1.5% cut last month and the European Central Bank cut by 0.75% on top of a 0.5% cut. Central Bank Rates at a Glance

US Federal Reserve Federal Funds Rate: 1% US Federal Reserve Discount Rate: 1.25% Bank of Canada Overnight Rate: 2.25% European Central Bank minimum bid rate 2.5% European Central Bank marginal lending facility 3% European Central Bank deposit facility 2% Bank of England official Bank Rate 2%

Technorati Tags: central bank, Bank of England, European Central Bank (more…)

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