ECB can further refinance banks, official says

01/8/2012 | Wall Street Journal, The

Christian Noyer, a board member at the European Central Bank, said the central bank has the ability to refinance euro-zone banks. "We are only limited by our will to maintain price stability and avoid inflation," Noyer said. "But in the current situation, we think we can massively refinance banks without risk."

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Wall Street Journal, The

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