Three central banks take action in sign of alarm

Reuters ^ | 5 July 2012 | Writing by Mike Peacock,

[Colonial Warrior]

(Reuters) - China, the euro zone and Britain loosened monetary policy in the space of less than an hour on Thursday, signaling a growing level of alarm about the world economy, although suggestions of coordinated action were played down.

Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to 6 percent following an interest rate cut just a month ago that also came out of the blue.

[the invisib1e hand]

America coughs and the world gets pneumonia.

Apologize for that, Mr. Obama.

[Colonial Warrior]