The European Central Bank may today announce plans to scale back its emergency lending while keeping interest rates at a record low to foster an economic recovery.
ECB policy makers meeting in Frankfurt will leave the benchmark interest rate at 1 percent, according to all 54 economists in a Bloomberg News survey. President Jean-Claude Trichet say the ECB’s third offer of 12-month loans to banks on Dec. 15 will be the last and may also signal a reduction in other lending operations, economists said.
Source www.Bloomberg.com
