Central banks cut rates in unison

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• Lords of Finance whole source · open book

  By June 1930, with U.S. rates at their postwar low of 2.5 percent, the Bank of England was down to 3.5 percent, the Reichsbank to 4.5 percent, and the Banque de France to 2.5 percent.

  chapter: 17. PURGING THE ROTTENNESS - 1929-30

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