ECB extends emergency funding, ups growth forecast
The European Central Bank bought extra insurance Thursday against the economic recovery running out of steam by extending emergency funds for commercial banks even as it hiked its growth and inflation forecasts.
A man looks at a poster of the euro in Radosina, Slovakia. The European Central Bank bought extra insurance Thursday against the economic recovery running out of steam by extending emergency funds for commercial banks even as it hiked its growth and inflation forecasts.
Analysts said the decision to extend the loan programme was widely expected given growing concerns that the economy, and the banks, may face a harder time over the balance of the year following robust growth into the second quarter.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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