Cheap money is ECB's answer: EU Central Bank lends $500 billion to prevent any year-end crisis
Article Abstract:
The European Central Bank introduced $501.7 bil into money markets in two-week loans for banks, the biggest single sum the ECB has ever loaned. Results were positive, as interbank two-week rates dropped to 4.25% to 4.3%, nearer to the ECB's policy rate of 4%.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Commercial Banks, Government expenditures, Management dynamics, Banking industry, Management, Economic policy, Company business management
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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European rate rises loom as growth feeds inflation
Article Abstract:
The European Central Bank may raise its interest rate, currently at 4%, sometime in September or October 2007 as other central banks in the region seem prepared to increase rates to limit inflation pressures driven by economic growth.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Inflation (Finance), Comparative analysis, Economic indicators, Control, 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, Interest rates, European Union. European Central Bank
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