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Fed announces plans for repo operations through to mid-February
The Federal Reserve Bank of New York on Tuesday announced plans to conduct repurchase agreement operations through until at least Feb. 13, although the size of term operations will be trimmed to US$30 billion from the start of next month. The central bank did not elaborate on plans beyond that. The move extends a program that has been in place since it stepped in to combat funding-market turmoil in September, but indicates the central bank may have one eye on the exit. It announced plans to conduct a series of term repo operations from Jan. 16 through Jan. 30 of US$35 billion apiece, in line with the most recent ... (full story)