Australia rate cut stuns, markets thirst for more
Tuesday October 7, 10:49 am ET
By Wayne Cole and Leika Kihara
SYDNEY/TOKYO (Reuters) - Australia stunned markets with its steepest interest cut in 16 years Tuesday and investors expected that other central banks would follow suit in a coordinated move to combat the global credit crisis.
The Bank of Japan, alone among the biggest central banks, signaled it may not join a campaign of rate cuts to contain a crisis that has put the world's financial system in greater peril than at any time since the 1930s Great Depression.
...
Tuesday October 7, 10:49 am ET
By Wayne Cole and Leika Kihara
SYDNEY/TOKYO (Reuters) - Australia stunned markets with its steepest interest cut in 16 years Tuesday and investors expected that other central banks would follow suit in a coordinated move to combat the global credit crisis.
The Bank of Japan, alone among the biggest central banks, signaled it may not join a campaign of rate cuts to contain a crisis that has put the world's financial system in greater peril than at any time since the 1930s Great Depression.
...
posted by Blue @ 11:47 AM
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