The US central bank announced on Thursday a massive increase to its cash injections into American financial markets to quell the growing uncertainty caused by the coronavirus pandemic. The New York Fed, which has ramped up short-term funding to markets in recent days, said it will offer $500 billion in three-month funds called repurchase agreements or "repos" on Thursday and Friday, and $500 billion in one-month repos on Friday. Over the coming month, it will provide $500 billion a week of one- and three-month repos. "These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak," the New York Fed said in a statement. hs/cs