Swiss Economicblogs.org
The ECB’s scheme of negative interest rate loans to banks has also helped boost inflation in the euro area.The fourth and final of the ECB’s Targeted Long-Term Refinancing Operations (TLTRO) today attracted EUR233bn in demand from 474 euro area banks, well above consensus (EUR110bn). Expectations of an ECB deposit rate hike may have boosted demand for this operation, as it provided a last opportunity for banks to secure four-year funding at a rate that can go as low as -0.40%.There is no...
Read More »Take-up of TLTRO loans is good news for euro bank credit
