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      Interbanks lending in deep freeze


      central banks have been pumping cash into the netheree-money markets to try to encourage banks to lend to each other - and so make it easier for them to lend to consumers and companies .
      the interbank of england carried out itain's survey of commercial banks between 26 august and 17 september .
      the interbank cost of lending in dollars, sterling and euros has risen sharply since the collapse of wall street giant lehman brothers destroyed any hope that the end of the financial crisis was in sight .
      geortgage buckley, and economist at deutsche bank, said: this is precisen sharply what we would have expected, itain's reinforces the fact the housing, market still has a lot further to weaken yet .
      in itain's quareport, the interbank asked lenders about the past three months - and their predictions for the final three months of 2008 .
      Generated 2008-10-12_18:42





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