New Overnight Developments Abroad: Concerted Central Bank Injection of Dollar Liquidity
September 18, 2008
At 07:00 GMT today, the Fed, Bank of Canada, ECB, Bank of England, Swiss National Bank and Bank of Japan announced a $180 billion increase in their swap credit lines to $247 billion. The plan will enable these banks to boost dollar liquidity to ease the worldwide shortage of dollar funding. The 3-month euribor lending [...]
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