Comments on: ECB Provides Emergency Cash for Third Day http://www.nakedcapitalism.com/2007/08/ecb-provides-emergency-cash-for-third.html Sun, 22 Nov 2009 02:09:47 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: jan perlwitz http://www.nakedcapitalism.com/2007/08/ecb-provides-emergency-cash-for-third.html#comment-369 jan perlwitz Tue, 14 Aug 2007 03:53:00 +0000 http://www.nakedcapitalism.com/2007/08/ecb-provides-emergency-cash-for-third-day/#comment-369 Since the ECB injected 95 billion euros on Thursday, 61 on Friday, and 47.5 on Monday, to be paid back on the next day every time, they actually have withdrawn liquidity from the markets again compared to Thursday. 34 and 13.5 billion on Friday and Monday, respectively. This is consistent with their statement that things regarding the interbank lending are stabilizing again. They just didn't decrease the amount of additional liquidity at once on Friday, but they have cut it back gradually. That's how I interpret the ECB's actions on Friday and Monday.<br/><br/>Besides that, you have a very interesting blog, Yves. Since the ECB injected 95 billion euros on Thursday, 61 on Friday, and 47.5 on Monday, to be paid back on the next day every time, they actually have withdrawn liquidity from the markets again compared to Thursday. 34 and 13.5 billion on Friday and Monday, respectively. This is consistent with their statement that things regarding the interbank lending are stabilizing again. They just didn’t decrease the amount of additional liquidity at once on Friday, but they have cut it back gradually. That’s how I interpret the ECB’s actions on Friday and Monday.

Besides that, you have a very interesting blog, Yves.

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