Central bank rate changes on 8 Oct 2008

On 8 Oct 2008, 2 central banks we track changed their policy rate: the European Central Bank cut its Deposit facility rate by 50 bp to 2.75 % and the Federal Reserve cut its Federal funds target range by 50 bp to 1.50 %.

Changes

Set by	Rate	Change
European Central Bank · Euro area	2.75 %	↓ cut −50 bp
Federal Reserve · United States	1.50 %	↓ cut −50 bp

Dates are the day a new rate took effect. Some banks announce a few days earlier; the announcement date is shown where we know it.