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European Commission declines comment on rate cuts

Wed, Oct 8 2008, 11:48 GMT
http://www.afxnews.com

BRUSSELS, Oct 8 (Reuters) - The European Commission declined to comment on a series of coordinated cuts in interest rates by the European Central Bank and other central banks across the world on Wednesday.

"No comment," a spokeswoman for the European Union executive said.

The Federal Reserve, the ECB, the Bank of England, the Swiss, Canadian and Swedish central banks all eased by a half point in a bid to restore confidence into markets.

(Reporting by Darren Ennis, editing by Dale Hudson) Keywords: EU RATECUTS/

tf.TFN-Europe_newsdesk@thomson.com

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