PARIS (MNI) – The European Central Bank should not face real
difficulties in absorbing excess liquidity in the Eurozone once
financial markets return to normal functioning, ECB Governing Council
member Christian Noyer said Wednesday.
When banks no longer need the ECB’s liquidity assistance, a return
to traditional bidding operations for bank refinancing will permit the
adjustment of liquidity, Noyer told the Senate Finance Committee here.
“Thus I have no worries about the technical side” of regulating
liquidity, he said.
–Paris newsroom +331 4271 5540; stephen@marketnews.com
[TOPICS: M$$EC$,MGX$$$,M$$CR$,M$F$$$,M$X$$$]
