Coordinated Effort By Central Banks
By:
DailyMarkets.com
Posted on September 18, 2008 at 06:55 AM EDT
CENTRAL BANKS ANNOUNCE COORDINATED MEASURES - FED is coordinating with BOJ ECB BOE BOC SNB to offer markets needed liquidity - BOE to offer $40B in overnight repos - ECB to offer $40B in overnight repos, to increase 28-repos to $25Bm 84-day repos to $15B - SNB to raise the size of US dollar auctions - BOJ to start US [...]
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