Bank of England to pump billions into money markets

The Bank of England today said it would pump £22.3bn (€28bn) into money markets as part of a co-ordinated move by major central banks.

Bank of England to pump billions into money markets
Thu, 18 Sep, 2008 - 09:47

The Bank of England today said it would pump £22.3bn (€28bn) into money markets as part of a co-ordinated move by major central banks.

The overnight lending by the BoE is being made in conjunction with the US Federal Reserve and alongside similar actions by the European Central Bank, Bank of Canada, Bank of Japan and the Swiss National Bank.

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