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ECB offers banks fresh round of bond purchase to kickstart economy

Published Thu, Dec 11, 2014 · 09:50 PM

Frankfurt

THE European Central Bank (ECB) on Thursday will again offer banks a chance to get cheap long-term loans, but a disappointing uptake could put it under more pressure to help kickstart the moribund economy.

By pumping more liquidity into the financial system, the Frankfurt-based central bank aims to boost the eurozone economy via private-sector loans and, in turn, halt a stubborn drop in inflation.

The ECB unveiled a lending programme called the Targeted Long-Term Refin…

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