The European Central Bank will delay the exit from emergency liquidity measures and keep buying government bonds in an effort to help relieve tensions in the eurozone bond markets.
ECB president Jean-Claude Trichet said the central bank will continue to offer unlimited loans to banks through the first quarter of next year as the eurozone debt crisis refuses to abate.
The central bank stopped short of announcing that it would step up its buying of eurozone government bonds as many market participants had hoped.
Thursday, December 2, 2010
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