Open Europe Blog

Archives for LTRO

The ECB looks set to cut its main interest rate by 0.25% to 0.5% on Thursday (while keeping the deposit rate at 0% due to concerns about distortionary effects of negative rates).Why is the ECB considering cutting rates?The obvious answer is that the cr…

Posted by Open Europe blog team

This morning saw the start of the on-going process of repayments of the loans given by the ECB to European banks under the Long Term Refinancing Operation (LTRO) (see here for details). The ECB announced that 278 banks have already pledged to repay

Posted by Open Europe blog team

We’ll get back with a take on today’s €529 bn of loans by the ECB to 800 banks, via the so-called LTRO, soon.But first, something different. Remember, we’ve long been critical of the ECB’s backhanded QE, which has created a range of zombie banks in …

Posted by Open Europe blog team