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August 11, 2007
Central Banks Scrambling
Money market rates are going up with liquidity problems in the credit market.
The Fed along with Canadian and European Central Banks are flooding financial markets with money trying to drive down interest rates and provide liquidity. The European intervention was their largest ever, $130 billion.
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Posted on August 11, 2007 10:42 AM by money 673.
Filed in Money in the Bank under money market rates.
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