Central banks inject more cash: global efforts to quell credit crisis continue; Fed pumps in $3.75 billion

Article Abstract:

Central banks all over the world are continuing to inject money markets with cash to stave off a potential credit crisis. The US Federal Reserve put in $3.75 bil, while the European Central Bank allotted $371 bil. The Central Bank of the Russian Federation put in approximately $4.5 bil; the Bank of Japan put in $6.96 bil.

United States, Japan, Russia, Evaluation, International aspects, United States. Federal Reserve Board, Money market, Money markets, Japan. Bank of Japan, Russia. Central Bank of the Russian Federation

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ECB returns to money markets

Article Abstract:

The European Central Bank implemented a multiple-part strategy to maintain normalcy in the euro money market. It drained 60 bil euros from short-term funds and provided an additional 10 bil euros in liquidity. The ECB next called for bids in its three-month supplementary refinancing operation targeting liquidity.

Commercial Banks, Management dynamics, Banking industry, Management, Company business management, Euromarkets

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ECB signals rate increase is still likely

Article Abstract:

The European Central Bank is likely to increase interest rates to 4.25% in September 2007 in an effort to curb inflation. The bank has already announced an unusual, unplanned project to offer three-month funds totaling $53.9 bil.

Product standards, safety, & recalls, Interest Rates, Standards, Prevention, Inflation (Finance), Inflation (Economics)

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