Nov 5th, 2009 - Reuters
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FRANKFURT (Reuters) - The European Central Bank took its first step toward unwinding its extraordinary support measures for the euro zone economy on Thursday by signaling one-year loans to banks will not be repeated next year.
The ECB kept its main interest rate on hold at 1 percent for the sixth month in a row and ECB President Jean-Claude Trichet promised to announce a decision on the rest of the central bank's policy of flooding markets with cheap and abundant funds in December.
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The characters in The Box are like cardboard cutouts: Some have "foolish victim" labeled on them, and others fall into the category of absurdly creepy villain.
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Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- The dollar traded within a cent of aone-week low versus the euro a day before the U.S. payrollsreport on speculation the Federal Reserve will trail other majorcentral banks in ending economic stimulus.
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Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- The European Central Bank took itsfirst step toward removing emergency stimulus measures designedto haul its economy out of recession, saying it won’t offercommercial banks 12-month loans next year.ECB Keeps Key Rate at Record Low of 1%, May Move Closer to Exit
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Nov. 5 (Bloomberg) -- The European Central Bank may signalit’s moving closer to withdrawing emergency stimulus measuresafter leaving its benchmark interest rate at a record low today.
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