Nine major central banks cut interest rates to contain the global financial crisis, the collective.

<P> 8 days, the Federal Reserve, European Central Bank United World central banks cut interest rates to unprecedented coordination of emergency to contain the financial crisis on the economy. .</ P> <P> the Federal Reserve cut interest rates by 50 basis points to 1.5%. .</ P> <P> European Central Bank cut interest rates by 50 basis points to 3.5%. .</ P> <P> the Bank of England cut interest rates by 50 basis points to 4.5%. .</ P> <P> Bank of Canada cut interest rates by 50 basis points to 2.5%. .</ P> <P> the Swedish central bank cut interest rates by 50 basis points to 4.25%. .</ P> <P> the Swiss central bank cut interest rates by 25 basis points to 2.5%. .</ P> <P> UAE central bank announced it will cut borrowing rates 150 basis points to 1.5%. .</ P> <P> China's central bank announced the cut must deposit financial institutions of RMB deposit reserve ratio by 0.5 percentage points; down the one-year RMB benchmark deposit and lending rates by 0.27 percentage points each. .</ P> <P> 8 am, the Hong Kong Monetary Authority announced it will cut the benchmark interest rate 100 basis points. .</ P> <P> 7 evening, the Australian central bank slashed rates at 1 per cent, the highest interest rate cut since 1992, the largest magnitude; Yesterday, suddenly announced that the Bank of Israel cut interest rates half a percentage point to a significant 3.75 per cent, from the 12th of this month .effect. .</ P> <P> the Fed and other central banks cut interest rates in the Joint Declaration on the </ P> <P>.