| UK interest rates have been cut to 4.5% by the Bank of England in a move hoped to stabilise the stock market.
Six central banks including the Bank of England have cut interest rates by 0.5% in response to the global financial crisis.
The European Central Bank (ECB), the US Federal Reserve and the central banks of Switzerland, Sweden and Canada have all reduced interest rates by 0.5%, whilst China has cut rates by 0.27%.
This comes soon after the government's announcement of a £50 billion bail-out plan for the banking industry.
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