Federal Reserve enlarges Operation Twist program by USD 267 billion

Note: This section contains information in English only.
Source: Bloomberg
The Federal Reserve announced on Wednesday it will extend its Operation Twist program to prolong maturities of its assets and pledged intervention in labour market if situation worsens. The central bank will extend the program by the end of 2012 through selling shorter-term assets worth USD 267 billion and purchasing same size longer-term securities in order to cut borrowing costs.
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