Federal Reserve with more aggressive politic
From the Federal Reserve announced today, that for extinguishing of the new emotions of capital markets, they are ready to get wider their program form crediting to financial institutions with more than 200 billions USD.
FED decided to use all from its financial services, as giving to money to short 28-days loans to “money dealers”. FED agreed the new swap line of European Central Bank and Swiss National Bank.
Today’s decision of FED is the last step of Bernanke to help quickly repairing of financial market and lower liquidity due to the heavy credit crisis started nearly half an year ago. Till that moment, the Central Bank of USA tried to stabilize the market with aggressive cutting of interest level, which at the moment is 3%. This strategy did not gave the result that Bernanke expected and today the world Central Banks decided to take new, more aggressive politic. The focus of today’s common decision is to stimulate the markets as much as possible. The investors did not wanted to invest in financial activities, because of the low liquidity.
Labels: Financial News
posted by Zoritza Petrova @ 10:09 AM
0 Comments:
Post a Comment
<< Home