Eurobanks Seen As Big Winners In ECB’s TLTRO Program
As part of his commitment to do ‘whatever it takes’ to combat low inflation, European Central Bank president Mario Draghi announced yesterday that negative policy rates and a new TLTRO program (targeted long-term refinancing operation) that is meant to give banks reason and resources to extend loans, but could end up giving a boost to the financial sector without impacting the rest of the economy at all.
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