9/4/09

World banks will increase liquidity of the world markets.

The largest banks of the world have decided to struggle with a world economic crisis by own strength. Banks of the USA, England, Japan and other leading economic states объеденились to put new money resources into circulation.
Today the Bank of England declared that plans to conduct measures on expansion of liquidity of financial markets together with the largest banks of the world, including the Central bank of Europe, Bank of Japan and the Federal Reserve System (ФРС) the USA.


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The bank of England in an official statement declared that today Bank of Canada, Bank of England, the European Central bank, ФРС the USA, Bank of Japan and the Swiss national bank begin the co-ordinated actions in reply to pressure growth in the markets of short-term dollar federal funds.

"Central banks will continue close co-operation and will take all possible measures to soften accruing pressure", - the representative of Bank of England has informed.

The conclusion of $60 млрд American ФРС and Bank of Japan on the Japanese markets and injection $40млрд in Great Britain Bank of England together with the Federal Reserve System of the USA becomes the first actions directed on liquidation of crisis. Monetary injections from Central Banks of Switzerland and Canada at a rate of $20 billion First such operation are planned also will already take place on Thursday.

Meanwhile the American Federal Reserve System has established the demand line of credit in $180млрд for softening of consequences of a world economic crisis. The world markets have immediately reacted to the message on combined action of world Central Banks that has affected a dollar exchange rate, informs AFP.

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