- ECB is unlikely to decide on final TLTRO conditions before June - Reuters reports, citing sources
Market news
12 March 2019
ECB is unlikely to decide on final TLTRO conditions before June - Reuters reports, citing sources
- Policymakers will calibrate loans based on growth figures
- ECB Committee proposed new TLTRO premium at 25 bps above main refinancing rate but governors pushed back saying it was too figh
- A key goal of new TLTRO conditions is to reduce the stock of loans to avoid future cliff effect
- Best TLTRO rate not seen going below zero though the discussion is still ongoing and growth weakness could change terms
- ECB did not discuss tiered deposit, only one governor expressed deep concern about negative rates
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page