Venezuela's Chavez pushes central bank to cut rate

Venezuela's central bank has apparently been threatened with court action by the president of the country over its reluctance to cut interest rates. The government is struggling to revive the recession-bound economy which is the worlds fifth largest oil exporter.

Source: Reuters

Venezuelan President Hugo Chavez threatened on Wednesday to challenge the Central Bank in the Supreme Court if the nation's top financial body did not cut current interest rates.

Venezuela's government, struggling with a