The biggest bazooka of all in the monetary policy arsenal
Targeted long-term refinancing operation - TLTRO
Banks were able to borrow from the ECB at the deposit rate (minus 0.4 per cent) as long as they lent the money on to the real economy — an effective subsidy of banks.
FT 29 May 2019
Banks were able to borrow from the ECB at the deposit rate (minus 0.4 per cent) as long as they lent the money on to the real economy — an effective subsidy of banks.
FT 29 May 2019
Kommentarer