Frankfurt (AFP) – The European Central Bank pumped more liquidity into the financial system Thursday in a bid to boost the economy via private-sector loans but analysts said uptake by banks was disappointing.The Frankfurt-based central bank said it had leant 82.6 billion euros ($106.3 billion) to 255 banks under its new lending programme aimed at boosting the economy via private-sector loans.”The programme is designed to enhance the functioning of the monetary policy transmission mechanism by supporting bank lending to the real economy,” it said in a statement.The amount borrowed by eurozone banks comes in below forecasts by analysts who had …read more
Source: Business Insider
