Significant Rate Cuts Across Europe; Oil Below $65; LIBOR Plunges to 4-Year Low

European Central Banks made deep cuts in interest rates today. The European Central Bank (ECB) cut rates by 50 basis points to 3.25%. The Bank of England made its biggest cut in 27 years, cutting its key interest rate by 150 basis points to 3.00%. 
Other banks which also lowered rates were the Swiss National bank, [...]

Blitzkrieg on Interest Rates as US, ECB, Sweden, Switzerland, China, UK Cut Rates

In what is likely an unprecedented step today, major central banks across the world cut interest rates in what was a concerted effort.
The United States, Bank of England, European Central Bank (ECB) cut rates by 0.5% each. The benchmark rates for each country are now as follows:

United States - 1.5%
ECB - 3.75%
Canada - 2.5%
UK - [...]

Bank of England Indicates Britain Headed into Recession

The governor of the Bank of England stated yesterday that “It’s bound to be the case that there is the possibility of a quarter or two of negative growth”. That would qualify as a recession, though that word is not used. Following on Japan’s release of numbers which showed contraction in their economy, it is [...]