Economy/Business News Alert: Fed, other central banks take action to ease strains on global financial system

Wednesday, November 30, 2011

     
 
The Washington Post Wednesday, November 30, 2011 8:19:55 AM
ECONOMY/BUSINESS NEWS ALERT

Fed, other central banks take action to ease strains on global financial system


Central banks around the world say they are taking coordinated action to ease strains on the financial system.

The European Central Bank, U.S. Federal Reserve, the Bank of England and the central banks of Canada, Japan and Switzerland are all taking part.

The ECB said in a statement the banks are making it cheaper for banks to get U.S. dollar liquidity when they need it, starting next Monday.



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http://www.washingtonpost.com/business/industries/central-banks-take-action-to-provide-cheaper-dollar-liquidity-to-financial-system/2011/11/30/gIQAvu9NCO_story.html



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