ECB Will Renew Two Operations For Refinancing

The European Central Bank said it would renew two three-month supplementary refinancing operations of €50 billion ($78 billion) each, to build on progress in calming money-market tensions. The decision renews two extra three-month operations that will mature soon, respectively. Recently, the ECB said it would widen the scope of its dollar tenders in conjunction with the U.S. Fed Reserve.