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Tim <off to bed on the far east coast> 443

http://www.bankofengland.co.uk/publications/news/2008/054.ht...

News Release
Coordinated Central Bank Action to Improve US$ Liquidity


18 September 2008

Today, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan and the Swiss National Bank are announcing coordinated measures designed to address the continued elevated pressures in US dollar short-term funding markets. These measures, together with other actions taken in the last few days by individual central banks, are designed to improve the liquidity conditions in global financial markets. The central banks will continue to work together closely and will take appropriate steps to address the ongoing pressures.
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