March 5, 2009
Lowest Euro rate ever
Story link: Lowest Euro rate ever
The European Central Bank originally started setting rates back in January 1999 and since then the rates have never been lower than the ones we see today, which means they are truly concerned about the state of the economy and so they should be.
The European Central Bank (ECB) has cut its key interest rate to 1.5% from 2.0%, the lowest since it started setting euro rates in January 1999.
It followed a cut in UK rates by the Bank of England. US and Japanese rates are, in effect, already at zero.