Wednesday, August 22, 2007

European Central Bank announced it would add an additional €40bn

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 (665 views)
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One thought on “European Central Bank announced it would add an additional €40bn

  • Thats 138bn pounds. Where is it coming from without inflation? How much extra inflation will this add to the Eurozone?

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