ECB cuts rates to combat recession

The European Central Banks and the Bank of England intensified their efforts May 2009 to combat the continent’s severe recession by unveiling bolder-than-expected moves to buy assets and boost growth through historically-low interest rates.

ECB: Press Release, 7.5.09: Monetary policy decisions http://www.ecb.int/press/pr/date/2009/html/pr090507.en.html

ECB: Press Release, 7.5.09: Introductory statement http://www.ecb.int/press/pressconf/2009/html/is090507.en.html

BBC News, 7.5.09: Eurozone interest rates cut to 1% http://news.bbc.co.uk/1/hi/business/8037523.stm

Deutsche Welle, 7.5.09: European Central Bank cuts rates to record low http://www.dw-world.de/dw/article/0,,4233955,00.html

France24, 7.5.09: ECB cuts main interest rate to a record low of 1 percent http://www.france24.com/en/20090507-ecb-cut-main-interest-rate-record-low-trichet-eurozone-crisis

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