Injections were the right response - OECD chief

Central banks were correct to inject liquidity into the banking system in order to deal with the turmoil in global money markets, said Angel Gurria, the secretary general of the Organisation for Economic Cooperation and Development. I

n an interview with the Financial Times published on Thursday, Gurria said that the recent actions of central banks had not damaged their reputation for fighting inflation: "[Central banks] will not lose credibility. It is not a question of bailing anyone out. It