Shaving for Icelandic interest rates

Jan 27 - Two Reykjavik restaurant owners who have been growing beards in protest of Iceland's double-digit interest rates are finally able to shave as the Central Bank cuts rates to below ten per cent.

NOTE: Natural sound only - no reporter narration

Ulfar Eysteinsson and Tomas Tomasson could finally shave off their beards as Iceland's Central Bank trimmed its key interest rate by half a point to 9.5 per cent.

They had been growing the beards for eight months and vowed not to shave until interest rates in Iceland fell below 10 per cent.