BANK of ENGLAND
The BOE reduced borrowing costs to counter the worst financial crisis in almost a century, by 1.5% to the lowest level since 1955, taking it to 3%. The Bank of England's benchmark is now below the ECB's for the first time since the euro region was founded in 1999.
European Central Bank
The ECB lowered interest rates for the second time in less than a month to counter the euro region's worst economic slump in 15 years. ECB reduced the benchmark lending rate by 0.5% to 3.25%. The ECB cut the rate by the same amount when it joined a globally coordinated move on Oct 8 in response to the deepening financial crisis. Economists predict the ECB will continue to reduce borrowing costs at the most aggressive pace in its 10- year history, taking its key rate to 2.5% by April as growth slows around the world.
Bloomberg
Malaysia BANK NEGARA leh? When will you follow the footstep of the world bank?