Fed extends Talf programme

federal reserve

The Federal Reserve has announced that it will extend its Term Asset-Backed Securities Loan Facility, commonly known as the Talf programme, until at least the first quarter of 2010.

The move comes as market weighed up the possibility that the widely used facility might be wound up as credit markets show signs of recovery.

When the Fed originally announced the programme in November 2008, it was intended to run until the end of 2009. The latest extension will be it remain in place until at least 3

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