:: RBA injects cash to cool credit jitters ::

· tar, den 20.11.07 in Australien, Krise, Liberalismus, Wirtschaft

Quelle: smh.com.au

Australia's central bank injected a generous amount of cash into the banking system today in a bid to ease short-term money rates, which have jumped amid renewed worries about a credit crunch and risk aversion.

In its regular daily money market operation, the Reserve Bank of Australia (RBA) added $1.71 billion in cash, well above the estimated cash requirement for the day of $719 million.

The larger-than-expected injection also implied commercial banks' cash balances with the central bank would rise to a relatively large $3 billion...




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