ECB to counter new tensions with extra funds
The European Central Bank (ECB) said on Friday that it will inject more liquidity into the eurozone money market in a bid to allay "the re-emerging risk of volatility."
The extra funds will come through the central bank's main refinancing operation due to take place on Tuesday. The main refinancing operation allows the region's banks to borrow funds for seven days. Next week's main refinancing operation is the last of 2007.
The ECB did not say how much extra it would inject, just that it would
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