While you were sleeping: Central banks highlight worry

Thu, 05 Jul 2012

By Margreet Dietz July 6 (BusinessDesk) - Efforts by central banks in Europe, China and the UK to help bolster their flagging economies by easing the cost of borrowing only served to highlight concerns about the outlook. As was widely expected, the European Central Bank slashed its key rate by 25 basis points to a record low 0.75 percent and reduced its deposit rate to zero from 0.25 percent, while the Bank of England said it would purchase buy 50 billion pounds (US$78 billion) of assets with newly created money. However, the decision by the...

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