OTTAWA - Several of the world's central banks, including the Bank of Canada and the U.S. Federal Reserve, have cut short-term interest rates by half a percentage point in a co-ordinated international action.
However, Canadian consumers did not get the full benefit of that cut, as one of the country's major banks, TD Canada Trust (TSX:TD) lowered its prime rate by only a quarter point in response, reflecting turmoil in the global credit market.
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The Bank of England has dramatically slashed interest rates by 0.5% along with central banks around the world in response to the global financial turmoil.

The Bank of England has joined the world's major central banks in an unprecedented and co-ordinated move by making emergency interest rate cuts in an

By Peter Grier | Staff writer of The Christian Science Monitor Washington - We get it. And we can move more quickly, and in a more united fashion,