Monday, January 16, 2012 - 12:34
PARIS (MNI) - The European Central Bank will continue to provide liquidity to the Eurozone economy and banks must do their part by lending to business, ECB Governing Council member Christian Noyer said Monday.
The ECB will continue its "determined action to counter abnormal market trends and to ensure the best transmission possible of monetary policy," the governor of the Bank of France said in his New Year's greeting to the French financial establishment.
"Our decision to loosen collateral eligibility criteria for refinancing operations also demonstrates our firm resolution to support financing of the economy," he said.
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