The Federal Reserve Bank of New York on Thursday announced trillions of dollars' worth of new capital injections to calm Treasury-bill liquidity issues and boost economic activity amid coronavirus risks. The central bank said it would add $500 billion to money markets on Thursday afternoon through a three-month repo operation. One-month and three-month repos for $500 billion each will be conducted on Friday and continue to be offered weekly through the month, the bank added. That amounts to a $1.5 trillion capital injection this week alone.
Post by : Republic of Turkey Ministry of Trade