LouisCribben
Registered User
- Messages
- 337
We hear a lot about the credit crunch, and banks unwillingness to lend money to each other.
I always believed that banks can borrow from the Central bank (at the ECB rate), is it true ?
Is it easy for banks to obtain loans from the ECB ?
For example, if bank of Ireland needed 1 billion (in order to give mortgages to 4'000 new potential homeowners, can it go to the ECB and get the money at the ECB rate (3.75%) ?
Is the ECB reluctant to lend to banks at the moment ?
I always believed that banks can borrow from the Central bank (at the ECB rate), is it true ?
Is it easy for banks to obtain loans from the ECB ?
For example, if bank of Ireland needed 1 billion (in order to give mortgages to 4'000 new potential homeowners, can it go to the ECB and get the money at the ECB rate (3.75%) ?
Is the ECB reluctant to lend to banks at the moment ?