ECB moves to help region's businesses get loans
- 11 years ago
The European Central Bank has said it will ease the rules on what it will accept as collateral from banks.
The thinking behind that is the banks will be able to borrow more from the ECB and lend that money on to businesses to boost economic growth.
The ECB has said it will now accept lower grade so-called asset-backed securities (ABS).
...
http://www.euronews.net/
The thinking behind that is the banks will be able to borrow more from the ECB and lend that money on to businesses to boost economic growth.
The ECB has said it will now accept lower grade so-called asset-backed securities (ABS).
...
http://www.euronews.net/