Cordinated rate cut.

Federal Reserve, European Central Bank, Bank of England, Bank of Canada, Swiss National Bank and Sweden's Riksbank join forces today in a historical, emergency, coordinated global rate cuts by 50bps ease save the world's economies from the worst crisis since the Great Depression. Fed, ECB, BoE, BoC and Riksbank will cut by 50bps. SNB cut by 25bps. PBoC of China also joins to cut by 27bps. BoJ didn't participate but said it supports the move.

The resulting interest rates are:

Fed - 1.50%
ECB - 3.75%
BoE - 4.50%
BoC - 2.50%
SNB - 2.50%
Riksbank - 4.25%