European Central Bank offers new emergency loans to banks, but leaves rates unchanged
http://dervishcom.blogspot.com/2011/10/european-central-bank-offers-new.html
BERLIN — The European Central Bank offered new emergency loans to banks on Thursday to help them through the turmoil of the government debt crisis, but decided to keep interest rates on hold despite fears of an economic slowdown.
President Jean-Claude Trichet did not even indicate that a rate cut was due in coming months, as many experts predicted would be necessary to stave off a possible new recession. The hesitation is likely to expose the bank to more calls from worried businesses to change course.
Read full article >>
--
Source: http://feeds.washingtonpost.com/click.phdo?i=a7d54701ef392ee6367d2b07e9583594
~
Manage subscription | Powered by rssforward.com
