The Fed began the current round of accommodation in September of 2007 with a 50 basis point reduction in the Fed funds rate.

FORBES: An Inflationary Death Spiral

Barclays Capital said Wednesday that it expects just a 25 basis point reduction in the main policy rate, known as the refinance, or refi rate, from the European Central Bank.

FORBES: Barclays Expects 25bp Rate Cut In Europe