Draghi boosts credit bulls with fresh TLTRO

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Draghi boosts credit bulls with fresh TLTRO

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13 September 2018, Hessen, Frankfurt/Main: 13 September 2018, Germany, Frankfurt/Main: Mario Draghi, President of the European Central Bank (ECB), will address the press conference at ECB headquarters. Europe's top currency guardians left the key interest rate in the euro zone at the record low of zero percent at their regular meeting. Photo: Arne Dedert/dpa | Arne Dedert/DPA/PA Images

European financial institution bond markets have been rallying this year as economic weakness raised expectations of renewed European Central Bank easing action. On Thursday, it delivered a new round of bank refinancing loans — sooner than thought, but reassuring nevertheless — presaging another move tighter in southern European credit. Bill Thornhill and Tyler Davies report.

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