Central Banks Around the World Cut Interest Rates
558 views · Published 9 October 2008 · 2:08 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
The United States has joined countries around the world in a coordinated attempt to stave off a global recession. The U.S. Federal Reserve announced an emergency cut of its benchmark interest rate by a half percent early Wednesday, just as central banks in Britain, China and Europe were doing the same. VOA's Mil Arcega reports
