Oct. 6 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the ECB will offer banks additional longer- term liquidity and also restart its covered bond purchases.
The ECB will offer banks one 12-month loan, starting in October, and a second 13-month loan in December. Both will be operated as fixed rate, full allotment operations. It will also start buying 40 billion euros of covered bonds in November.
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