LONDON: The world’s central banks yesterday kept striving to free up jammed money markets, pouring in more money even as stocks and the US dollar rallied in response to an emergency US plan to mop up toxic debt.
Japan, Australia, India and Indonesia pumped over US$42bil into their money markets as cash remained hard to find despite Thursday’s unprecedented move coordinated by the US Federal Reserve to make US$180bil available to the banking system.
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