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View Full Version : Fed, Five Central Banks Cut Dollar Swap Rate - Bloomberg



NewsWhore
11-30-2011, 12:00 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG2wghynfDxWE1soRvA3Z6SJ3t4VA&url=http://www.bloomberg.com/news/2011-11-30/fed-five-central-banks-lower-interest-rate-on-dollar-swaps.html)
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Fed, Five Central Banks Cut Dollar Swap Rate (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG2wghynfDxWE1soRvA3Z6SJ3t4VA&url=http://www.bloomberg.com/news/2011-11-30/fed-five-central-banks-lower-interest-rate-on-dollar-swaps.html)
Bloomberg
Today&#39;s move echoes coordinated actions from the financial panic starting in 2007 to create and expand the currency-swap lines, whose use peaked at about $583 billion in December 2008. The central banks also jointly lowered their benchmark interest ...

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