The European Central Bank (ECB) will pump a further €442 billion into money markets after a record auction on Wednesday (24 June), in which eurozone banks snapped up one-year loans amid expectations borrowing costs may rise in future.
The ECB move to lend billions of euros across the 16-country currency area is designed to unblock bank lending, improve private sector access to credit and revive the area's ailing economy.
Banks provide roughly three quarters of company financing ...
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