ECB injects cash as liquidity dries up

The European Central Bank has loaned €94.8 billion to financial institutions in the eurozone. The move comes in the wake of a reduction in short-term liquidity being made available to the market and is the first intervention of its kind by the ECB since the September 11 terrorist attacks.

Market participants are concerned that a credit crunch is in the offing as European institutions examine their exposure to the stricken US subprime mortgage market. The rate banks lend to each other has risen to

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: