The European Central Bank took a small step towards unwinding its extraordinary support for the eurozone economy on Thursday, but it forecast a fragile recovery and left much of its cash buffer for banks in place. The ECB said it would return next month to competitive tenders for three-month loans to banks, a sign that it is more comfortable with money market conditions and the latest stage in a gradual withdrawal of billions pumped into banks in the worst days of the financial crisis in 2008.
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