Draghi: ECB to extend full-allotment refinancing

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Draghi: ECB to extend full-allotment refinancing (by William L. Watts)

FRANKFURT (MarketWatch) -- The European Central Bank will continue to conduct fixed-rate, full-allotment refinancing operations through January, ECB President Mario Draghi announced Wednesday. The non-standard operations are part of a long-running series of measures utilized by the ECB to ensure liquidity in the euro-zone financial system. Draghi, in an opening statement at his monthly news conference, said weakening economic data highlights growing uncertainty over the outlook. Draghi said the economy remains "weak."

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