Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| March 27, 2008 | | Move meant to increase liquidity in British economy | Just the US Federal Reserve is using auctions to boost liquidity, the Bank of England is using them as well. Last week, the BOE announced that it would add another 5 billion pounds to weekly money markets in order to help encourage banks to lend to each other. Bloomberg reports on the money market auction:
The Bank of England will offer 13.6
billion pounds ($27 billion) in one-week loans to financial
institutions, the U.K. central bank said in a statement today. | | |
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