ECB reduces rates to record low

record low - rekordowo niski
The European Central Bank (ECB) has cut interest rates in the eurozone to a record low of 1.25% from 1.5%.

it doesn't make much of a change - to nie robi wielkiej różnicy
It doesn't make much of a change in the sense that rates are already very low

to counter - przeciwstawiać się
Both the Bank of England and the US Federal Reserve have introduced quantitative easing - whereby they increase the amount of money in the system - as they try to counter the economic downturn.

Organisation for Economic Cooperation and Development - Organizacja Współpracy Gospodarczej i Rozwoju (OECD)
But the Organisation for Economic Cooperation and Development (OECD) predicted this week that the eurozone economy would contract by 4.1%.


Źródło: http://news.bbc.co.uk/2/hi/business/7978431.stm