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Shares recover after rate cut news sinks in

Posted on October 09, 2008

Yesterday, several central banks including the Bank of England, the European Central Bank (ECB) and the US Federal Reserve announced they were to cut interest rates by half a percentage point in an attempt to boost the economy.However, the markets failed to respond to the news after London s FTSE 100 closed down 5.18%, France s Cac [...]...

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central bank , economy , federal reserve