Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (4884)	3/11/2008 5:07:09 PM
From: RockyBalboa	Respond to of 71455

Very british! Get that: UK's BBA calls on BoE for more clarity on money market auctions Tue, Mar 11 2008, 14:58 GMT afxnews.com LONDON (Thomson Financial) - The British Bankers' Association said the Bank of England needs to provide more information about the money market operations it announced today. This morning, the BoE announced, in a move co-ordinated with other central banks, that it will auction 10 bln stg worth of three month loans in March in a bid to alleviate the "liquidity pressures in funding markets". As was the case at its operations in December and January, the BoE said it will accept a wider range of collateral against the loans. The BBA said that while it welcomes the move, the BoE still needs be clearer about what the auction entails. "We would urge the Bank of England to provide greater clarity on the range of acceptable collateral, the minimum bid rate, and whether these operations will continue beyond April," BBA director John Dewar said. "This information is vitally important in order for these measures to succeed in their goal of increasing market confidence." rachel.armstrong@thomson.com