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The aim is to cut the cost of lending between retail and commercial banks, which has jumped in the past few weeks.All banks with enough collateral, and which submitted bids of at least 4.21%, received funds from the ECB.
Das finde ich immer lustig, wenn sie da von Sicherheiten reden. Als ob irgendeine Bank heutzutage auch nur entfernt genug Sicherheiten hat. Das verlangt man immer nur von den Kunden.The two-week ECB refinancing operation is the first time it has said it would offer banks unlimited funds, above a certain interest rate, since 9 August when the credit crisis started.