
- Decline In Short-Term Lending
- Bks Passed On Low Refi Costs To Customers
- Improving Financing Conditions Expected
- Banks Must Further Strengthen Capital Bases
- Rate Cuts Have Yet To Feed Through In Full
- 1-Yr Refi Op To Strengthen Bks, Money Mkts
- To Unwind Measures Quickly If Econ Improves
- ECB To Monitor "Very Closely" All Devts
- To Counter Threat To CPI Stability In Timely Fashion
- Euro-Zone Govt Must Communicate Fiscal Exits
- Current Rates Are Appropriate, Recent Data Confirm
- Govt Exit Strategies Must Be Ambitious
- Normal For Eonia To Be Between Deposit And Refi
- No Reason To Change Full Allotment Policy
- Large Use Of Deposit Facility Not Surprising
- 1st One-Year Op "Enourmous Success"