ECB rolls over €60 billion-worth of injections

The European Central Bank decided on Thursday to renew the two supplementary longer-term refinancing operations allotted on 23 August and 12 September.

The central bank said the renewal was "aimed at further consolidating the progress achieved so far in the normalisation of the euro money market."

Marc Ostwald, an economist at Insinger de Beaufort, a bank, said: "The decision to roll over the €60 billion ($88 billion) of long-term repos clearly signals that the ECB sees little chance of money