ECB Seen Bringing Rates Down to 1%

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The ECB may bring rates to 1% by the second-quarter of 2009, says Thomas Harr, senior FX strategist at Standard Chartered, after it surprised a larger-than-expected 75 bps rate cut Thursday. He reviews the actions taken by central banks globally, with CNBC's Lisa Oake.

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ECB Seen Bringing Rates Down to 1%

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