US Fed unveils new steps to boost liquidity, manage rates

MG News | October 12, 2019 at 05:15 AM GMT+05:00

0:00

Oct 11, 2019: The Federal Reserve on Friday announced a new program to boost liquidity in the US financial plumbing and allow the central bank to better manage interest rates, but without changing monetary policy.

In the new program, the New York Fed will buy about $60 billion a month in short term US Treasury debt through the second quarter of next year to ensure "the supply of reserves remains ample," according to a statement.

However, the changes are "purely technical" and "do not represent a change in the stance of monetary policy."

It also will continue through at least January the recently implemented steps to inject funds into the US markets on a daily basis.

AFP/APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,955.03 230.56M	-1.53% -2624.28
ALLSHR	101,044.86 838.50M	-1.30% -1333.09
KSE30	51,157.89 68.16M	-1.82% -947.25
KMI30	242,436.59 91.36M	-1.49% -3667.01
KMIALLSHR	65,384.36 370.76M	-1.29% -852.66
BKTi	47,490.46 33.97M	-2.41% -1172.49
OGTi	35,216.01 3.34M	-1.53% -548.68

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,125.00	78,900.00 77,505.00	-810.00 -1.03%
BRENT CRUDE	103.29	106.15 101.58	1.38 1.35%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	-0.75 -0.72%
ROTTERDAM COAL MONTHLY	102.00	102.00 102.00	-0.50 -0.49%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	94.32	97.22 92.33	1.36 1.46%
SUGAR #11 WORLD	13.87	13.88 13.73	0.06 0.43%