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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)