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The Bank of England said on Thursday it would inject 5.0 billion pounds into short-term money markets every week until April 9.
The European Central Bank said on Tuesday that rates in its weekly refinancing operation had risen amid strong demand for funds, suggesting persistent tension on eurozone money markets.
The European Central Bank said Friday it would provide 150 billion euros (235 billion dollars) in additional liquidity, which would include its first ever six-month refinancing operations.
The European Central Bank said Friday it would provide banks with 150 billion euros (235 billion dollars) in additional liquidity, including its first ever six-month refinancing operations.
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The European Central Bank (ECB) carried out a so-called fine-tuning operation worth 15 billion euros (23.7 billion dollars) on Monday to provide short-term cash to euro money markets.
The European Central Bank should hold firm on interest rates when governors meet here Thursday, with record inflation a greater concern than slowing economic activity, analysts say.
The head of the bloc of EU nations using the euro single currency, Jean-Claude Juncker, said Monday that he will meet US President George W. Bush on Wednesday to discuss foreign exchange rates.
Survey reveals what people around the world think of money
Bank of England policymakers were forecast to cut interest rates by a quarter-point to 5.00 percent later on Thursday amid ongoing fallout from the credit crunch, analysts said.
The Bank of England cut its key interest rate by a quarter of a point to five percent on Thursday, the central bank announced amid concerns over the credit crunch and Britain's slowing housing market.