ECB Assesses Appeal of Paying Banks to Lend Money
Moderator: moderators
-
- rank: 10000+ posts
- Posts: 37309
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
ECB Assesses Appeal of Paying Banks to Lend Money
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.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
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)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.