ECB Offers Cheap Loans Again
The European Central Bank once again offered cheap three-year loans to banks in the euro region, which quickly soaked up 529.5 billion euros ($712.2 billion) in funding. Analysts had expected the amount to total 470 billion euros.
ECB Lends to Banks to Keep Credit Flowing
The European Central Bank surprised analysts by offering a record amount of 489 billion euros in loans to stressed banks.