G10 reassured by impact of joint injections

Central bank governors and finance ministers from the G10 economies were "very satisfied" with the effect of the coordinated action to ease interbank tensions, said Jean-Claude Trichet, the president of the European Central Bank (ECB).

The ECB, along with the Federal Reserve, the Bank of England, the Swiss National Bank and the Bank of Canada all announced plans to inject extra funds into the money markets to ease interbank spreads on 12 December . Said Trichet on behalf of the G10 representa

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