Global intervention by central banks to ease the worst financial crisis since the 1930’s by pumping $180 billion into the inter-bank markets
Sep 18th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Today in a global intervention by central banks to ease the worst financial crisis since the 1930's, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan and the Swiss National Bank announced coordinated measures designed to address the continued elevated pressures in short-term US dollar funding markets by pumping $180 billion into the inter-bank markets.