ECB Assesses Appeal of Paying Banks to Lend Money

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ECB Assesses Appeal of Paying Banks to Lend Money

Postby » Mon Jun 20, 2016 8:03 am

As of this Wednesday, eurozone banks will be able to bid for a four-year loan from the ECB at an interest rate starting from zero which could eventually be negative.

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The net take-up, after institutions repay their borrowings from an earlier, less-generous program, is likely to be 50 billion euros ($57 billion), according to Bloomberg. The result of the operation will be published on Friday.

The targeted lending program, dubbed TLTRO-II, is part of the ECB’s drive to ... (read more)

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