Euro zone interest rates cut from 3.25% to 2.5%

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Euro zone interest rates cut from 3.25% to 2.5%

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12-05-2008, 02:05 AM

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Euro zone interest rates cut from 3.25% to 2.5%

Policymakers in Brussels cut interest rates today for the 15-member euro zone.The European Central Bank lowered interest rates by 0.75% to 2.5% and followed the announcement that the Bank of England had reduced rates from 3% to 2%.Furthermore, Stockholm-based Riksbank, slashed interest rates by 1.75% to 2% in Sweden - the largest reduction for over [...]

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