Tuesday, July 1, 2008
Inflation? What inflation?
The US central bank has auctioned a further $75bn (£38bn) of short-term loans to help the financial sector. Offers for $90.88bn-worth of loans from 77 bidders were tabled during the auction, the Federal Reserve said. The auction, the 15th since December, is part of the Fed's attempts to help banks through the credit crunch.