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Europe's two leading central banks cut interest rates to record lows Thursday to boost their recession-mired economies.

China cuts benchmark interest rate by 27 basis points

China announced on Monday that the benchmark interest rate will be cut by 27 basis points along with the reserve requirement ratio, which will be dropped by half a percentage point to stimulate economic growth. Massive Rates cut in Nov

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China slashes interest rate by 1.08 percentage points-Nov 26, 2008
China cuts rates again to spur growth -Oct 30, 2008
China cuts rates to ward off slowdown -Oct 8, 2008
Central bank cuts loan interest rate, reserve ratio -Sep 16, 2008
Six central banks cut interest rates

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China cuts benchmark interest rate by 27 basis points