Thursday, September 6, 2007

It Was Inevitable - ECB Injects More Cash

Maybe it will work this time? Don't bet the ranch. Given the surge in LIBOR rates over the past 10 days, no surprise that the ECB has been forced to act again. We'll have to see if the Fed further injects later this morning, or does something else:

ECB injects €42.2bn into money markets

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