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Europe Cutting Interest Rates to Record Lows By VOA News 05 March 2009 Key interest rates are being cut to new record lows in the battle to jolt European economies out of recession. Jean-Claude Trichet, President of the European Central Bank ECB addresses the media during a news conference in Frankfurt, central Germany, 05 Mar 2009 The Bank of England Thursday slashed its benchmark interest rate to 0.5 percent, a 314-year low, while the European Central Bank (ECB) lowered its key interest rate to 1.5 percent. Both central banks hope cutting interest rates will help ease the credit crunch that has made it difficult for consumers and companies to get the loans they need to do business, something previous rate cuts have failed to accomplish. As a result, the Bank of England says it will also start printing money and pumping it into the economy. The process, known as "quantitative easing," is expected to put as much as $211 billion into circulation to stimulate economic growth. The ECB also lowered its economic outlook for member nations, saying it now expects their combined economies to contract as much as 3.2 percent this year. ECB President Jean-Claude Trichet has been reluctant to cut interest rates, but says the economic decline may make additional rate cuts necessary. On Wednesday, India's central bank cut its benchmark interest rate for the fifth time in as many months as its economic growth slowed to a five-year low. Unlike the U.S. and many European countries, India is not in recession. But Indian exports have been hurt by falling demand from other nations.

Another idea for my home page's text is notifying visitors about the enhancements I put on my site. For example, I want visitors to sign my guestbook or fill out my survey Form E-mailer to answer questions about my site, my business, or my site's topic.

Need some extra help building your site? Here are some topics that may be helpful.

• Design Web Site
• Games
• Photos
• Video

Even if I don't put much text on my home page, it's a good idea to include hidden tools that will help me promote my site, so people other than my friends and family actually see it. For example, I could add meta tags, which are hidden codes that allow search engines to find my site. I could also install stats and a counter so I know how many people are visiting. If not many are visiting, submitting my site to search engines will guide more traffic to my site.