ECB lends extra €30 billion

The average cost of borrowing for this week's main refinancing operation, which lends for seven day periods, was 4.2%, 20 basis points above the central bank's benchmark rate.

In spite of the extra liquidity on offer, the average cost of borrowing was one basis point higher than for last week's main refinancing operation, yet another signal that borrowing costs in eurozone money markets are rising.

The central bank on Friday said that it planned to inject an unspecified amount of extra liquidity

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