Targeted LTRO

Date Time Left   Event Impact Previous Consensus Actual
Mar 23, 14:30  Targeted LTRO €62.2B €233.47B

Targeted LTRO

LTRO, are long term refi op from the ECB , aimed to loan banks up to 7% of the amount of banks’ outstanding loans to the euro area non-financial private sector (excluding households’ mortgages) as of end-April 2014. Funds will have 4 years maturity and a fixed rate equal to the MRO rate +10 basis points.

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