UK and US to Improve Liquidity Further
Published / Last Updated on 06/10/2008
UK and US to Improve Liquidity Further
Both the UK and US Governments look set to further improve the liquidity of the banking market with the US Federal Reserve announcing a range to steps including raising limits on how much it will lend to the market as well as paying interest on excess reserves held back.
In the UK, Alistair Darling met with leading banking groups to discuss a huge capital injection into markets as well as again increasing the capital protection level above and beyond the new £50,000 that started with effect from today.
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