'No prior talks' on emergency interest rate cuts

UK - The world-wide cuts in interest rates in the wake of the terror attacks on New York and Washington was not coordinated in advance, according to a prominent former member of the Bank of England's policy-making Monetary Policy Committee.

The revelation, by Professor Charles Goodhart, will cast fresh doubt on the ability of economic policymakers around the world to coordinate action against the global recession.

The finance ministers and central bankers from the G7 group of the world's lead