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Europe Daily Bulletin No. 9808

20 December 2008
Contents Publication in full By article 14 / 42
GENERAL NEWS / (eu) eu/ecb
ECB tries to encourage inter-bank lending

Brussels, 19/12/2008 (Agence Europe) - On Thursday 18 December 2008, the European Central Bank (ECB) took new measures to stimulate the money market and encourage banks to lend more to one another. At its last two-monthly meeting of 2008, the ECB Governing Council decided to restore the corridor of standing facility rates to 200 basis points around the prevailing interest rate of the main refinancing operation. The corridor is the gap between the rate at which the ECB borrows from banks and...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS