In a bid to ensure the central bank's interest-rate cuts filter through to the broader economy, Mr. Trichet encouraged commercial Banks to lend to one another more freely.

为了确保央行的减息举措能对整体经济产生影响，特里谢鼓励商业银行更多地进行互相拆借。

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That's the sound of her interest rate dropping, as lenders bid on her loan. Rates vary with each loan.

她的贷款利率降低了，当贷方竞价时，利率会因每笔不同的贷款而有所差别。

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There are some folks who very much want to hold these specific assets and will bid up the price of the remaining assets thereby lowering their interest rate.

FORBES: Miles Kimball on QE

Last month, the Reserve Bank of India (RBI) lowered its key interest rate for the second time in three months in a bid to curb inflation.

BBC: India's Rahul Gandhi calls for 'inclusive' growth

Earlier Tuesday, the Bank of Japan cut its benchmark interest rate to nearly zero and said it would buy government bonds in a bid to weaken the yen and boost the Japanese economy.

FORBES