USEUROPEAFRICAASIA 中文双语Français
Home / Sports

Central banks bolster efforts to jolt markets

China Daily | Updated: 2008-10-17 08:06

Central banks bolster efforts to jolt markets

Europe's central banks are intensifying efforts to jolt credit markets back to life.

The European Central Bank on Wednesday said it will accept lower-rated securities as collateral when lending to banks and offer them as many euros as they want over the next six months. The Swiss central bank said it will conduct currency swaps with the ECB, which today said it will also support the Hungarian central bank's money-market operations. The Bank of England will unveil plans to revamp its market operations at 11 a.m. in London.

"Central banks are throwing everything they can at the credit markets to get them working again," said Win Thin, an economist at Brown Brothers Harriman & Co in New York.

Central banks bolster efforts to jolt markets

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US