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Its rate on a one-year certificate of deposit went from 2.35% in May to 4.05% in July.
The yield is at its lowest level since Aug. 24, when the Federal Reserve raised its rate on overnight loans between banks by one-quarter point, the second of five increases since last June intended to slow the economy.
Still, many economists had predicted that the bank would not cut its rate on Tuesday.
The EU's duty on cars would come down from 10% to about 4.5%; its rate on canned tuna would tumble from 24% to about 6%.
On July 5th the European Central Bank (ECB) joined them, slashing its rate on deposits to 0% and its main policy rate below 1%.
The Fed has cut interest rates 11 times this year, by a total of 475 basis points, reducing its rate on overnight loans between banks to 1.75percentt, its lowest level in 40 years.
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It cut its rating on Spain two levels.
UBS said on Thursday it raised its rating on PepsiCo to "buy" from "neutral".
This past week, S&P Global Ratings lowered its rating on GE debt two notches, from "A" to BBB-plus.
Prudential said it had cut its rating on the aluminum maker Alcoa to underweight from neutral.
Fitch said it was cutting its rating on Cyprus Popular Bank, known as Laiki Bank, to "default".
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