European Central Banks Combine Strength Lending USD250bn
Published / Last Updated on 14/10/2008
European Central Banks Combine Strength Lending $250bn
The European Central Bank, the Bank of England and the Swiss National Bank remained shoulder to shoulder today meeting all requests for dollars by lending $250bn on short term 7 day money.
In simple terms, this means that banks that actually needed to borrow short term money for cash flow whilst lending and receiving themselves.
We suggest this signals a huge boost of confidence for lending with the hope that banks will gain confidence to lend to each other.
Useful links:
Request expert financial advice now
Purchase guidance on financial planning in the Money Shop
Useful links: