ECB vigorously defends €529 billion LTRO

ECB vigorously defends €529 billion LTRO


The European Central Bank (ECB) made a great leap forward with its 29 February long-term refinancing operation (LTRO), where 800 banks took €529 billion with the money being lent at just 1% interest.

Flooding the market with cheaper credit via LTRO’s over the three year loan period for the second time, after the €489bn offer that was released last December has attracted its critics, and raised questions about the sustainability of the ECB’s policies as the Eurozone c...


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