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Bundesbank’s Nagel Tells Sueddeutsche ECB 3-Year Demand May Fall

Demand for the European Central Bank’s next three-year refinancing operation in February may be lower than the 490 billion euros ($634 billion) lent to banks last month, Bundesbank board member Joachim Nagel said, according to Sueddeutsche Zeitung.

Nagel added that the aim of the central bank is to ensure enough liquidity is present in the banking system, and not to guarantee that no European bank fails, the newspaper reported, citing an interview with Nagel.

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