Loan-l.com – THE European Central Bank is offering short-term loans to banks in an attempt to ease market tensions.
President Jean-Claude Trichet outlined that unlimited loans for three months would be offered to banks over the coming months.
He also said that the programme to buy bonds, which aims to boost investors’ confidence in government debt and help eurozone countries avoid default, would continue.
Separately the ECB expects growth of 1pc in the region this year and 1.2pc in 2011. The bank kept its main interest rate at a record low of 1pc
source : http://www.herald.ie
Loan-l.com – THE European Central Bank is offering short-term loans to banks in an attempt to ease market tensions.
President Jean-Claude Trichet outlined that unlimited loans for three months would be offered to banks over the coming months.
He also said that the programme to buy bonds, which aims to boost investors’ confidence in government debt and help eurozone countries avoid default, would continue.
Separately the ECB expects growth of 1pc in the region this year and 1.2pc in 2011. The bank kept its main interest rate at a record low of 1pc
source : http://www.herald.ie
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