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ECB set to pump cash into money markets
By Ralph Atkins and Ivar Simensen in Frankfurt and David Oakley in London
Published: November 23 2007 11:46 | Last updated: November 23 2007 11:46
Fresh emergency action to pump funds into the money markets was announced on Friday night by the European Central Bank amid renewed fears that liquidity in the credit markets is again starting to dry up.
On Friday night, the bank said it would inject an unspecified amount of extra liquidity next week, noting “re-emerging tensions” – and would do so until at least the end of the year.
By Ralph Atkins and Ivar Simensen in Frankfurt and David Oakley in London
Published: November 23 2007 11:46 | Last updated: November 23 2007 11:46
Fresh emergency action to pump funds into the money markets was announced on Friday night by the European Central Bank amid renewed fears that liquidity in the credit markets is again starting to dry up.
On Friday night, the bank said it would inject an unspecified amount of extra liquidity next week, noting “re-emerging tensions” – and would do so until at least the end of the year.