<page_title> Discount window </page_title> <section_title> Alterations during 2007–2009 'credit crunch' </section_title> <table> <cell> 3.50% (−50 bp) <col_header> Discount rate (change) </col_header> <row_header> January 30, 2008 </row_header> </cell> <cell> 3.25% (−25 bp) <col_header> Discount rate (change) </col_header> <row_header> March 16, 2008 </row_header> </cell> </table>
The credit rate was reduced to 3.25% from 3.50% and the funds rate to 25 basis points from 50 basis points.