ForexSQ , Currency Trading , Online Forex Trading , Foreign Exchange , Day Trading , Forex News , Forex Trader , Forex Tutorial , Learn Free Forex

Central Banks Take Joint Action to Ease Debt Crisis

Posted by forex 169 days ago (http://www.nytimes.com)
img ForexSQ.com - The Federal Reserve, the European Central Bank and four other big central banks took coordinated action on Wednesday to ease the strain of the European debt crisis on the world economy.

The Fed, the E.C.B., the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank agreed to reduce the interest rate on so-called dollar liquidity swap lines by 50 basis points, among other measures.

Who Voted for this Story