Wednesday 8 October 2008

BOE, SNB offer $20bn in ready cash

The Bank of England and the Swiss National Bank continued to provide ready liquidity to markets Wednesday, offering U$20 bn in overnight m
oney to the financial sector.

Bidder and rate information is released later in the day. The Bank of England, the Swiss National Bank and other central banks have steadily offered money to banks this week and in past weeks in an effort to prop up lending between them.

Source: EconomicTimes

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