European Central Bank (ECB) Drops Rate to 2.0% as Europe Falls Further into Recession
January 16, 2009 at 10:27 AM EST
The European Central Bank (ECB) today (Thursday) cut its benchmark interest rate by half a percentage point to 2.0%, an acknowledgment that the Eurozone economy is rapidly deteriorating amid the global financial crisis. “Looking further ahead, we continue to see global…
