ECB’s TLTRO Program Could Boost Balance Sheet By €1.5 trillion: JPMorgan – ValueWalk Premium
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

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds.   

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

SIGN UP NOW
0