tight credit stirs cental banks

--Bank of England cut its interest rate by 25 bps to 5.5% --ECB kept its rate on hold because the global resilient economy is and will be supporting euro-zone exports while corporate profits and employment number still look strong. But euro zone inflation is high, around 3%. --Bank of Canada, Indonesia' central bank lower rate by 25 bps implications --banks are reluclant to lend, straining the credit supply and whole economy