ECB to inject funds into eurozone - papers 6 Sept

The Bank, which pumped €94.8 billion (£63.9 billion) into the European banking system in early August when the liquidity crisis was in its infancy, did not set a size for today's injection but gave financial institutions a deadline of early this morning to borrow at the one-off rate. The ECB's move follows the Bank of England's decision yesterday to offer £4.4 billion in extra funding to British banks struggling under the current liquidity crisis. UK HOUSE PRICE rises are slowing after recent increases in interest rates, according to the Halifax, The Guardian reports. However, the C...