All Eyes on the ECB

The European Central Bank's second injection of funds into the banking system may have eased some rate pressure, but not investors' fears

Does the European Central Bank know something the rest of the world doesn't? That was the question on the minds of investors and traders in Europe on Aug. 10 as the ECB, for the second day running, injected extra cash into the European banking system with the aim of restoring calm to jittery credit markets.

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