Relevant:
- Helicopter Drops: Central banks are already doing the unthinkable - you just don't know it
- Euro slumps as ECB moves boost dollar, equities
- ECB Doing Whatever It Takes Can't Push Euro-Area Banks to Lend
- ECB Plans Negative Rate on Bank Deposits
- Exclusive: ECB rate setters converge on December deposit rate cut
2016-04-21 — cnbc.com
...
These targeted long-term refinancing operations, or TLTRO IIs, advance on a previous model announced by the central bank in 2011 and effectively give free money to the banks to lend to the real economy.
They're a series of four loans - conducted between June 2016 and March 2017 - and will have a fixed maturity of four years. The interest rate will start at nothing, but could become as low as the current deposit rate, which is currently -0.40 percent, if banks meet their loan targets. This means the banks will be receiving cash for borrowing from the central bank.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
