Tuesday, September 18, 2007

The Fed cuts rates by 1/2%!

The United States Federal Reserve has apparently cut interest rates by 0.5% to 4.75%.

Stunning really.

I wonder if the Bank of England will follow suit, after all the governments favoured method of measuring inflation is down to 1.8% even if real inflation is at 4.1%.

The worry is that the central banks are all being hemmed in by this huge debt mountain so can't really deal with things like money supply.

The BBC has this.

No comments: