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Remember TLTROs?
The take-up at the 7th operation (TLTRO-III.7) will be published tomorrow at 11:30 CET. It will be the most important operation since June 2020 (when a record €1.3tn was allotted) as the ECB eased TLTRO conditions in December. (1/n)
The take-up at the 7th operation (TLTRO-III.7) will be published tomorrow at 11:30 CET. It will be the most important operation since June 2020 (when a record €1.3tn was allotted) as the ECB eased TLTRO conditions in December. (1/n)
The ECB increased TLTRO borrowing allowance from 50% to 55% of eligible loans (adding €290bn), and added three new operations between June and December 2021. Most importantly, the interest rate discount period was extended by one year, to June 2022. (2/n) ecb.europa.eu/mopo/implement…
Here’s the outstanding amounts of TLTRO borrowing by country as at end-January.
Total borrowing was €1792bn, or 56% of total allowances. Belgium (88% of allowances), Spain (74%) and Italy (73%) were among the largest TLTRO users. (3/n)
Total borrowing was €1792bn, or 56% of total allowances. Belgium (88% of allowances), Spain (74%) and Italy (73%) were among the largest TLTRO users. (3/n)
