ECB attempts to prod fearful banks to lend
Article Abstract:
The European Central Bank will guarantee unlimited funds to euro-zone banks and financial institutions at a fixed rate, the second time in nine years that the ECB has done so. It will meet bids at or exceeding 4.21% in a move to calm banks' wariness of lending due to the current credit crisis.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Commercial Banks, Management dynamics, Banking industry, Management, Company business management
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Inflation threat restrains ECB on rates
Article Abstract:
The European Central Bank is not expected to reduce interest rates despite pressure from the credit market crisis, due to concerns over inflation. Inflation is well above the ECB's 2% limit, at 3.1%.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Interest Rates, Evaluation, Inflation (Finance), Comparative analysis, Monetary policy, Economic indicators, Inflation (Economics)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: Standards, Economic aspects, International aspects, Influence, European Union. European Central Bank, Subprime loans
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