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Central bank moves to ease liquidity in system

By travellerev


There is no such thing as enough money when it comes to bailing out this financial crisis.
This about printing funny money and will lead to inflation of the NZ dollar.

The Reserve Bank acted yesterday to ensure there is sufficient ready cash in New Zealand’s financial system to prevent it grinding to a halt as a result of the continuing credit crunch.

Governor Alan Bollard said there was “no immediate problem,” but the RBNZ “always stands ready to support the liquidity of the New Zealand financial system”.

Central banks around the world have pumped billions of dollars of additional capital into money markets to ensure they do not freeze up as result of the turmoil this week on Wall St.

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This entry was posted on 21/09/2008 at 9:19 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Central bank moves to ease liquidity in system”

  1. Funny Blog » Blog Archive » Central bank moves to ease liquidity in system Says:
    22/09/2008 at 7:19 am |

    [...] travellerev wrote an interesting post today onHere’s a quick excerptThere is no such thing as enough bmoney/b when it comes to bailing out this financial crisis. This about printing bfunny money/b and will lead to inflation of the NZ dollar. The Reserve Bank acted yesterday to ensure there is sufficient ready b…/b [...]

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