ECB to Offer Banks One-Day Loans to Bridge Gaps in Operations

Dec. 16 (Bloomberg) -- The European Central Bank said it will offer financial institutions two one-day loans to bridge gaps between other refinancing operations.

The Frankfurt-based ECB will offer banks the one-day loans on Dec. 20 and Feb. 28, a day before regular weekly operations mature and new three-year loans are offered.

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net