November 29, 2007

Bank of England to inject 10 billion pounds into money markets (AFP)

A view of the City of London. The Bank of England has said it would pump 10 billion pounds (13.9 billion euros, 20.6 billion dollars) into money markets amid the ongoing credit crunch sparked by the US subprime loan crisis.(AFP/File/Bertrand Langlois)AFP – The Bank of England said Thursday it would pump 10 billion pounds (13.9 billion euros, 20.6 billion dollars) into money markets amid the ongoing credit crunch sparked by the US subprime loan crisis.

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