Banks buoyed as ECB members signal flexibility on TLTROs

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Banks buoyed as ECB members signal flexibility on TLTROs

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European banks have been given a boost in equity and debt markets this week, after Peter Praet, a member of the European Central Bank’s executive board, suggested that the terms of a new series of targeted longer term refinancing operations (TLTRO III) could be made more favourable for banks, if needed, to help them lend to the economy.

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