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Top central banks move to avoid global liquidity crunch

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Top central banks move to avoid global liquidity crunch Empty Top central banks move to avoid global liquidity crunch

Post by lexie Wed Nov 30, 2011 8:28 am

WASHINGTON | Wed Nov 30, 2011 8:23am EST

Top central banks move to avoid global liquidity crunch

(Reuters) - Central banks from the world's leading developed economies said on Wednesday they will take coordinated steps to prevent a lack of liquidity in the global financial system.

The U.S. Federal Reserve, the European Central Bank and the central banks of Canada, Britain, Japan and Switzerland said in a joint statement they had agreed to lower the cost of existing dollar swap lines by 50 basis points from December 5, as well as take other measures.



http://www.reuters.com/article/2011/11/30/us-eurozone-cenbanks-idUSTRE7AT13K20111130

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Top central banks move to avoid global liquidity crunch Empty Re: Top central banks move to avoid global liquidity crunch

Post by Guest Wed Nov 30, 2011 8:56 am

oh, God, lets devalue the dollar!

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