Day: June 6, 2012

ECB PRESS CONFERENCE

Minutes of the ECB Press Conference: Balance Sheets of credit institutions had not materialized. Continuation of the three-month LTRO’s and central bank would provide banks with financing until they have collateral. It is also open to relaxing collateral standards to… Read More ›

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ECB KEEPS RATES ON HOLD AT 1%

The European Central Bank kept benchmark interest rates at 1.00 percent. The ECB President Mario Draghi stated last week that the monetary union could not launch any further stimulus measures unless the governments of the respective countries did more to… Read More ›

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