Wednesday, Aug 22, 2007
European Central Bank announced it would add an additional €40bn
FT.com: ECB move to inject funds lifts markets
Global equities rallied while safe-haven government bonds continued a dramatic sell-off after the European Central Bank announced it would add an additional €40bn into the three-month money market where interest rates have shot higher during the recent financial turmoil.
The European Central Bank also signalled its monetary policy would not be blown off course by the credit turmoil by hinting it would also increase its main interest rate again in September.
Posted by chris :-)) @ 09:23 PM (292 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Orwell said...
Thats 138bn pounds. Where is it coming from without inflation? How much extra inflation will this add to the Eurozone?
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. This comment has been removed as it was found to be in breach of our Blog Policies.