Six central banks cut interest rates U.S. and European markets welcomed the emergency rate cut global frenzy.

Australian central bank cut interest rates following the first <P> after six U.S. and European central banks also announced an emergency rate cut. .Market, the long-awaited wave of global interest rate cut was finally coming. .</ P> <P> Federal Reserve Chairman Ben Bernanke's speech at the 7 has been suggested measures to be taken to cut interest rates, stable financial markets. .But the market were not expected, the Fed's work is so fast. .8 at 7 am local time, the message had already announced cuts. .</ P> <P> the Federal Reserve said the Federal Open Market Committee has decided to reduce the U.S. federal benchmark interest rate by 50 basis points to 1.5%. .This measure was taken based on the current weak economic activity and inflationary pressures gradually slow to judge. .At the same time, will also cut the discount rate by 50 basis points to 1.75%. .</ P> <P> The Committee further noted that the upcoming economic data in recent months, the pace of U.S. economic activity has slowed markedly, in addition, strong economic growth of the financial crisis has also posed constraints. .At the same time, inflation remain high though, but the Committee believes that energy prices and other commodity prices and the expected slowdown in economic activity have reduced the risk of rising inflation. .Federal Reserve concerned about economic and financial developments carefully, and to take necessary action to promote economic development and price stability. .</ P> <P> the same time, European Central Bank, Bank of England, Bank of Canada, Swedish Riksbank and the Swiss central bank have also cut interest rates, margin is 50 basis points. .European Central Bank will cut the marginal lending rate 50 basis points to 4.75%, deposit rates by 50 basis points, to 2.75%. .U.S. interest rates cut to 1.5% after the European Central Bank interest rate of 3.75%, Canada 2.5%, UK 4.5% Sweden 4.25%. .</ P> <P> Central University of Finance and Securities and Futures Institute, said He Qiang, the global joint interest rate cut will help stimulate economic growth, to withstand U.S. financial turmoil, the market is a good news. .More importantly, many countries and regions, joint action, on the whole market will have a greater boost effect. .But he also pointed out that a rate cut alone can solve the current financial crisis facing the remains to be seen. .Analysts also pointed out that the current, lower interest rates may not be able to address the plight of liquidity, but will undoubtedly contribute to market confidence and the financing of the recovery. .</ P>.