Central bank balance sheet

ECB's TLTRO Program Could Boost Balance Sheet By €1.5 trillion: JPMorgan

As negative rates are losing some of their initial appeal, the ECB's recent policy shift emphasis to TLTRO (Targeted Longer-term Refinancing Operations) with a sizable package will facilitate fixed-rate lending for four years at 0% or potentially as low as -0.4%. This could boost the ECB’s balance sheet by an additional €1.5 trillion, believe JP Morgan analysts. Bruce Kasman and colleagues argue in their March 11 research note titled “Global Data Watch” that the fog of uncertainty over the


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others


WhatsApp chat