Author (Person) | Atkins, Ralph |
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Series Title | Financial Times |
Series Details | 16.9.11 |
Publication Date | 16/09/2011 |
Content Type | News |
The world’s main central banks took bold concerted action on the 15 September 2011 to pre-empt a looming dollar funding crisis in Europe, sparking a rally in eurozone bank shares and the euro. Five central banks including the European Central Bank, the Bank of England and Switzerland’s central bank said they would provide three-month dollar loans to banks from October 2011, which will cover the year-end period. The display of firepower was intended to prevent an escalation of financial market tensions and signal that authorities are prepared to take action to boost market confidence. |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |
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