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The Federal Reserve Bank of New York injects $24.8 billion in temporary liquidity into financial markets through a two-day repurchase agreement (repo) operation. The aim is to maintain stable short-term borrowing rates and provide enough liquidity to support the financial system. The Fed's repo interventions have been ongoing since mid-September to manage short-term rates and ensure market stability. The central bank plans to purchase Treasury bills to reduce reliance on repo interventions next year.
Tuesday, 24 December, 2019