The Bank of England's monetary policy committee and the European Central Bank's governing council meet this week amid a clamour for rate cuts unprecedented in their brief histories.

英国银行的货币政策委员会和欧洲中央银行的管理理事会在这周会见，并且同意将利率做一个在各自的短暂的历史中做出一个空前的减息举措。

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Rates are expected to rise again in April at the next Monetary Policy Council Meeting and hit as high as 12.5% before the second half of the year before starting to decline again.

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The nine ordinary members of the Polish central bank's monetary policy council can look back proudly on their work as they step down this month and next, their six-year terms at an end.

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Stanislaw Owsiak, a member of Poland's Monetary Policy Council, said on Wednesday that the central bank may need to cut interest rates in the first quarter of 2009 if the economy slowed to about 4.0% and inflation eased.

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