Bank borrowing in new ECB loans programme disappoints


FRANKFURT: The European Central Bank (ECB)has pumped more liquidity into the financial system via private-sector loans but analysts said uptake by banks was disappointing and increased pressure for it to do more.

The Frankfurt-based central bank said 306 banks had borrowed 129.8 billion euros (US$162bil) under the second round of a lending programme aimed at boosting the moribund eurozone economy and halting a stubborn drop in inflation.

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Business , ECB , banking , eurozone

   

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