Tuesday, Dec 18, 2007
In a surprise move ECB injects even more money
FT: ECB steps up fight to safeguard liquidity
The ECB has said that it will inject an unlimited amount of money at below market interest rates in an effort to avoid a crunch at year end. This will further decrease peoples confidence.
Posted by who stole my pension? @ 06:47 AM (606 views) Add Comment
5 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. waitingfor hpc said...
time to get out the euro?
2. cornishman said...
'Unlimited' amount of money...
- conjured out of thin air I suppose. Unbelievable.
3. waitingfor hpc said...
on newsnight they were saying the banks do not want to borrow from the central banks as it shows their weakness. Not sure if this changes anything but lets the people and banks feel that the ECB is acting.
4. it_is_going_with_a_bang said...
Well thats fine then.
All the banks have to do now is find people who can take out a loan with them and afford to pay it back .....
5. drewster said...
@waitingfor, I thought the loans were anonymous? I think I'll step away from the Euro - previously I thought the ECB were inflation fighters, but no more it seems. What's the best next option - Japanese yen or gold?
There are a lot of BTL landlords and other mortgage-holders who wish they could borrow unlimited amounts of money at below-market rates. This really stinks.