ECB slashes rates to 2.5%

Jean-Claude Trichet cut the euozone growth forecast after the European Central Bank slashed interest rates by the most in its 10-year history on the 4 Deceber 2008. The aggressive move by the ECB, which cut its main policy rate by an unprecedented three-quarters of a percentage point to 2.5%, followed similar moves by central banks in the UK and Sweden.

BBC News, 4.12.08: ECB cuts eurozone rates to 2.5% http://news.bbc.co.uk/1/hi/business/7764441.stm

Deutsche Welle, 4.12.08: European Stocks Rebound After Central Banks Cut Rates http://www.dw-world.de/dw/article/0,,3849159,00.html

France24, 4.12.08: ECB makes history with 0.75% interest rate cut http://www.france24.com/en/20081204-ecb-record-interest-rate-cut-finance-crisis

European Central Bank: Press Release, 4.12.08: Introductory statement http://www.ecb.int/press/pressconf/2008/html/is081204.en.html

European Central Bank: Press Release, 4.12.08: Monetary policy decisions http://www.ecb.int/press/pr/date/2008/html/pr081204.en.html

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