Central banks' use of websites in the crisis

Central banks have been using their websites in novel ways during the crisis. On 13 August, the New York Fed put the following notice up:

"The Desk will evaluate whether it needs to inject additional cash into the banking system at its normal operating time of 9:30 a.m. (1330 GMT) on Monday. In addition, the Desk stands ready to conduct additional operations later in the day as needed."

Cryptic. It is, to say the least, not typical for the New York Fed to issue a statement about its open market

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