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New York Fed boosts daily cash injections to US$175b daily

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The New York Federal Reserve Bank announced on Wednesday it will increase daily injections of cash into financial markets by US$25 billion to at least US$175 billion to guard against the coronavirus.

[WASHINGTON] The New York Federal Reserve Bank announced on Wednesday it will increase daily injections of cash into financial markets by US$25 billion to at least US$175 billion to guard against the coronavirus.

Coming just two days after the central bank boosted the infusions by US$50...

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