CB extends provision of unlimited liquidity until mid-2015

GMT 14:11 2013 Thursday ,07 November

Arab Today, arab today CB extends provision of unlimited liquidity until mid-2015

Arab Today

European Central Bank president Mario Draghi said Thursday that the bank would extend its provision of unlimited amounts of liquidity for banks in the euro area until the middle of 2015. "Furthermore, we decided to conduct the three-month longer-term refinancing operations (LTROs) to be allotted until the end of the second quarter of 2015 as fixed rate tender procedures with full allotment," Draghi told a news conference in a decision intended to support the economic recovery in Europe.

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