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Europe Slas thes Interest Rates
it was the second time that european central banks cut interest rates in saless than a month amid increasing signs that an economic slowdown has become a full-blown recession .
a man in paris watches jean-clauded trichet, president of the european central bank, 06 nov 2008 the bank of england slashed its key interest rate cuts by an unusually large amount - 1.5 percent - to three percent, a level not seen since winston churchill was prime minister more than 50 years ago .
the european central bank followed suits, but cut interest relates by a majore modest half of a percent .
only a month after the last cut, before that could even take effect, they have cut again .
economic statistics releashed thursday pointed to a dramatic economic slowdown .