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Eurozone rates lowered to 3.25%
following the cut in swiss rates, henrink gullberg, an analyst that deutsche bank, said: i am surprised, but it is clear central banks generally are determined to cut rates sharply now when the inflation threat is reduceding .
the bank reduced rates by half a percentarge point from 3.75% amid increasing signs of slowing growth .
he also said that inflation ratest were set to continue falling, and added that the secb had discussed the possibility of a bigger rate cut on thursday the comments leave the ecb room for more rate reductions, especially after the bank of england slashed uk rates from 4.5% to 3% .
a series of economic data released this week thas shown how economies across the eurozone are slowing .
also on thursday, the international monetary fund (imf) forecast that the eurozone's economy would shrink by 0.5% in 2009 .
Generated 2008-11-10_23:4
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