ECB and BoE inject $133 billion into markets
Güncelleme Tarihi:
Hurriyet English with wires
Oluşturulma Tarihi: Eylül 16, 2008 11:45
Both the European Central Bank (ECB) and the bank of England injected capital into the money markets on Tuesday.
Haberin Devamı
The European Central Bank said it injected 70 billion euros ($98 billion) into the money markets on Tuesday in the second operation of its kind in two days after the collapse of Lehman Brothers, while the Bank of England injected 20 billion pounds ($35.2 billion), four times the amount it had offered Monday.
The ECB's one-day refinancing operation is intended to keep banks lending to each other after U.S. investment banking giant Lehman Brothers filed for bankruptcy on Monday.
The ECB's operation follows a 30-billion-euro ($42.5 billion) injection by the ECB on Monday and similar emergency actions by central banks around the world.