ECB’s new TLTRO scheme ‘equivalent to fiscal policy’

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ECB’s new TLTRO scheme ‘equivalent to fiscal policy’

Tyler Davies
March 13, 2020 01:00 PM
Christine_Lagarde_ECB_PA_130320_575x375
(200312) -- FRANKFURT, March 12, 2020 (Xinhua) -- European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, March 12, 2020. The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged but rolled out a comprehensive package of monetary policy measures to ensure liquidity support amid COVID-19 concerns. (ECB/Handout via Xinhua) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. | unreguser/Xinhua News Agency/PA Images

Markets expressed disappointment following the European Central Bank’s monetary policy meeting this week, but some analysts said that the changes made to the terms of its bank funding schemes represented a real war chest to support lending.

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CoronavirusDeutsche BankEuropeEMEADanske BankFIGING
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Tyler Davies
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