Six Central Banks Save The World…Again!

| November 30, 2011

From PIMCO cofounder Mohamed El-Erian: The coordinated action “lowers the cost of emergency funding and increases the scope,”  Central banks “are seeing something in the functioning of the banking system that worries them”.  Six central banks led by the Federal Reserve made it cheaper for banks to borrow dollars in emergencies in a global effort to […]

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