"Money-Market Rates Fall as Bank Action Eases Gridlock" writes Bloomberg

Dec 31 07

"Money-Market Rates Fall as Bank Action Eases Gridlock" writes Bloomberg. The article notes that money market pressures continue to ease, saying, "The cost of borrowing in dollars, euros and pounds fell, extending two weeks of declines, as cash injections by central banks eased the gridlock in money markets." It adds, "Money markets are being 'helped by substantial central bank liquidity in the system,' Lena Komileva, an economist in London at Tullett Prebon Plc, wrote in a note to clients today."

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