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Bank to pump £10bn into money markets

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  • #1

    Bank to pump £10bn into money markets

    The Bank of England today made its latest bid to ease the pressure of the credit crunch by announcing plans to pump £10 billion into short-term money markets next week.


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    Last edited by Tools; 11th March 2008, 12:40:PM.
  • #2
    World stocks rebound on cash injection

    WORLD stocks rebounded overnight as the US and other central banks came to the rescue, pumping billions of dollars into the financial system so as to break the stranglehold of a global credit squeeze.

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    • #3
      Bank of England forced to pump £10bn into money markets the day before the Budget

      The Chancellor faced more bad news yesterday when leading central banks announced plans to pump hundreds of billions of dollars into stricken financial markets to prevent a worldwide recession. The Bank of England said it was willing to lend London banks £10billion on March 18, and also offered another undisclosed sum on April 15

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