New TLTRO to keep favourable financing for banks - ECB's Vasle

Market news

7 June 2019

New TLTRO to keep favourable financing for banks - ECB's Vasle

The importance of new targeted longer-term refinancing operations (TLTRO) is that they keep favourable financing for banks, ECB governing council member Bostjan Vasle said on Friday.

"The instrument keeps favourable conditions of financing for banks and thus supports transmission of monetary policy into banks' credit activity," Vasle said in a statement.

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