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 Top central banks move to avoid global liquidity crunch

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lexie
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PostSubject: Top central banks move to avoid global liquidity crunch   Wed Nov 30, 2011 8:28 am

WASHINGTON | Wed Nov 30, 2011 8:23am EST

Top central banks move to avoid global liquidity crunch

(Reuters) - Central banks from the world's leading developed economies said on Wednesday they will take coordinated steps to prevent a lack of liquidity in the global financial system.

The U.S. Federal Reserve, the European Central Bank and the central banks of Canada, Britain, Japan and Switzerland said in a joint statement they had agreed to lower the cost of existing dollar swap lines by 50 basis points from December 5, as well as take other measures.




http://www.reuters.com/article/2011/11/30/us-eurozone-cenbanks-idUSTRE7AT13K20111130


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PostSubject: Re: Top central banks move to avoid global liquidity crunch   Wed Nov 30, 2011 8:56 am

oh, God, lets devalue the dollar!
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