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IMPLICATIONS OF THE DISCOUNT RATE HIKE

18 February 2010 by Cullen Roche 0 Comments

Bloomberg’s Scott Lanman reports on the Federal Reserve Board’s decision to raise the discount rate to banks for direct loans by a quarter point to 0.75 percent. The Fed said the move will encourage financial institutions to rely more on money markets rather than the central bank for short-term liquidity needs.

Source: Bloomberg

Cullen Roche

Cullen Roche

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