ECB And BOE Inject Billions, Bank of China Cuts Rates As Central Banks Cope With Lehman Fallout
Posted on September 16, 2008 at 10:20 AM EDT
Central banks around the world, including the European Central Bank (ECB), the Bank of England (BOE) and the People’s Bank of China, scrambled yesterday (Monday) to shore up liquidity and protect domestic markets against the fallout from the collapse of Lehman Bros Holdings Inc. (LEH). The Bank of England and the European Central Bank injected billions [...]