‘Sigh of relief’ for banks after ECB unveils new look TLTRO programme

Mario_Draghi_alamy_230x150
By Tyler Davies
12 Sep 2019

More banks are expected to take advantage of the third series of targeted longer-term refinancing operations (TLTRO III) after the European Central Bank sweetened the terms of the funding programme on Thursday. Mario Draghi looked set to leave his position as ECB president on a bang, having also announced tiered rates of deposit for banks and a return to monthly asset purchases.

The ECB first announced the pricing details for TLTRO III in June, when it said that banks would be able to access two year funding at 10bp over the central bank’s main refinancing rate.

But after a hotly anticipated monetary policy meeting on Thursday, the ECB improved ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.