ECB lends $575 million to eurozone banks
The European Central Bank said on Wednesday it lent $575 million to two eurozone banks this week in a sign the banks are having difficulty in obtaining dollar funding via the markets.
The Eurozone is set to grow 0.7% in 2009 - 1% above the recent IMF forecast and the ECB should lower its benchmark interest rate to 3% in coming months, according to a report published on Thursday.