Global Analysis from the European Perspective. Preparing for the world of tomorrow

New York Fed offers to inject more liquidity into the banking system

The Federal Reserve Bank of New York is boosting the size of the cash injections it can make into overnight borrowing markets. The New York Fed on Thursday started offering at least $120 billion in daily operations in the market for repurchase agreements, or repo, up from $75 billion. The amount offered for term repo operations on Oct. 24 and Oct. 29 was increased to at least $45 billion, from $35 billion. Source Reuters

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