European Central Bank (ECB) chief Mario Draghi said on Thursday (12 January) after a monthly board meeting that he will keep up a "temporary" programme of cheap loans for EU banks because it has "prevented a more serious credit crunch."
The ECB also kept the interest rate at 1 percent following a decrease from 1.25 percent in November.
"The provision of liquidity will continue to support euro-area banks and thus economic recovery. Our non-standard measures had a substantial contr...
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