Six central banks of the world did a coordinated interest rate cut to try to help the credit crisis. The group included the US and the European Central Bank. What does this mean for your wallet? It’s possible, at some point, that you’ll be able to get or renegotiate loans or mortgages to a better interest rate, and you’re like to see saving account rates drop, but given the apocalyptic economic climate, don’t count on it happening anytime soon.

[WSJ] (Photo: dboy)

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