December 17, 2007

ECB offers banks funds at fixed rate to increase liquidity (AFP)

Euro sculpture in front of the European Central Bank (ECB) building in Frankfurt/M., Germany.  The European Central Bank said that beginning Tuesday it would offer banks unlimited funds at a fixed interest rate, a rare move aimed at injecting liquidity into markets hit by the US subprime mortgage crisis.(AFP/DDP/File/Thomas Lohnes)AFP – The European Central Bank said that beginning Tuesday it would offer banks unlimited funds at a fixed interest rate, a rare move aimed at injecting liquidity into markets hit by the US subprime mortgage crisis.

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