Übersetzung für "Liquiditätszufuhr" in Englisch

The prolonged monetary injection has accommodated (even reinforced) demand growth.

High equity and bond prices reflect ultra-low interest rates and the central bank liquidity splurge.

Expansionary monetary policy – that is, massive injections of liquidity through so-called quantitative easing – is clearly not enough, either.

The liquidity injected has prevented the meltdown of the financial system and has contributed to re-opening markets, provided more funds to the real economy and helped financial markets reach a more normal market functioning.

Point 16 of the commitments relating to DMA states that the level of liquidity which the shareholders (the State, the CDC and La Banque Postale) undertake to supply to the NEC is what is necessary ‘for the NEC and DMA’.

If according to the Recapitalisation Communication 7 % can be regarded as appropriate compensation for tier 1 capital without the supply of liquidity, the tier 2 capital should then be compensated for at a rate of 5,5 %.

The Commission agreed to this duration in view of the fact that the loan was solely intended to make good the negative consequences of an external event and seemed not to be meant as a liquidity injection into a company that would be in difficulty in the absence of the storm.

The actions that governments were forced to take to deal with banking institutions in distress – capital injections, asset relief measures, guarantees on assets and liabilities and liquidity support – succeeded in stabilising the financial system.

The provision of such abundant liquidity resulted in downward pressure on the overnight rate. In order to reduce this pressure, the ECB conducted a series of liquidity-absorbing fine-tuning operations.

This liquidity injection is proving very effective at supporting the confidence in markets, but it comes at the cost of aggravating government deficits and debt.

The European Central Bank took further non-standard monetary policy measures after the extra liquidity injections and long-term liquidity provision in 2007.

On 29 September the ECB further increased the dollar liquidity provision by doubling the size of its temporary reciprocal currency arrangement (swap lines) with the Federal Reserve to USd 240 billion until 30 April 2009.

After 9 August the average allotment dropped to €200 billion, reflecting the provision of additional liquidity in supplementary LTROs (see below and Box 9).

In its open market operations the Eurosystem usually provides liquidity in a way that enables credit institutions to maintain current accounts with the Eurosystem which are close to their reserve requirements, thereby fulfilling these requirements proportionally over the maintenance period.

In October, to enhance the provision of liquidity, the Eurosystem expanded the list of institutions eligible for quick tenders (the procedure normally used for fine-tuning operations) and the list of assets eligible as collateral in Eurosystem credit operations.

The European Commission has approved, under EC Treaty state aid rules, a Spanish scheme intended to stabilise financial markets by providing liquidity to eligible financial institutions.

The main reasons for this decision are the latest economic data showing no spring pickup, an inflation rate of 1.2% at present which will probably considerably undershoot the ECB goal this year and next, and modest growth rates in private monetary holdings despite the liquidity flood (see chart below).

Overall, central bank liquidity provision is certainly declining again, and the aggregate balance sheet volume of the G4 central banks (US, euro area, Japan and UK) will probably reach its peak this year.

Otherwise the payment is routed to a waitfile and kept pending until sufficient funds have become available through incoming payments, credits or a liquidity supply.

However, limiting banks’ access to liquidity is not an option at present given the problems facing the southern countries.