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Tag: global interest rate cuts

Central banks make emergency rate cuts

These are two sentences from the top story in the October 9th, 2008 newspaper edition of the Nihonkeizaishinbun. The top story this week was the chaos that happened in world markets, including Japan.
Real Japanese
米連邦準備理事会や欧州中央銀行など欧米六中銀は八日、協調して緊急利下げに踏み切ると発表した。米欧発の金融危機に伴う世界的な同時株安など金融*資本市場の混乱を抑えるのがねらい。
English Translation
It was announced on the 8th of October that six central banks in Europe and America including the Federal Reserve and [...]

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