Expectations grow for third round of TLTROs
There is increasing confidence among market participants that the European Central Bank will renew its policy of providing banks with cheap financing, given the arrival of tougher issuance conditions and more stringent liquidity requirements.
European banks have borrowed a whopping €730bn from two rounds of the targeted longer-term refinancing operations, which gave them an opportunity to take out four year loans with the ECB at attractive rates of interest.Though these auctions officially ended in March 2017, there is speculation that ...
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