ECB Interest Rate Drops Again. March 2009

The ECB have announced another interest rate decrease today. The new rate will be just 1.5% – a reduction of 0.5%.  The ECB has now cut rates by 2.75 percentage points since early October.

The Bank of England also cut interest rates earlier today by a half point to 0.5 percent, the lowest since the bank was founded in 1694. The Bank of England has now reduced the key rate 4.5 percentage points since October.

Free Business Accounts