ECB calls time on 12-month liquidity offer

The European Central Bank moved closer to weaning eurozone banks off its emergency funding operations after a final offer of 12-month liquidity on the 16 December 2009. But it faced fresh evidence that inflation will remain stubbornly below its target.

ESO: Background information: ECB to unwind support for banks http://www.europeansources.info/record/ecb-to-unwind-support-for-banks/

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