TLTRO »

  • James Boston
    Forex » No Move In ECB Interest Rates
    James Boston - October 2, 2014, 11:50 GMT

    The European Central Bank (ECB) Governing Council has just completed it’s scheduled September monetary policy meeting. As widely anticipated all three of it’s key interest rates have been maintained at their current levels, the key Refinance rate remains at it’s historic low of 0.05% while the Deposit facility stays at a negative 20 basis points.

  • David Becker

    The Euro is consolidating at the bottom of the current range as the 10-year December Bund future made two-week highs pushing yields to historic lows. In light of the disappointing participation in the initial TLTRO offering, there is more talk that a full-blown quantitative easing program is necessary. These could include bank bonds, corporate bonds

  • James Boston
    Forex » Banks Reject Cheap ECB Funding
    James Boston - September 18, 2014, 09:49 GMT

    The European Central Bank (ECB) has today launched it’s Targeted Long Term Refinance Operation (TLTRO). The scheme announced at it’s June policy meeting is designed to boost bank lending by providing cheap funding, banks are entitled to apply for funds equivalent to 7% of their qualifying loan books, in this case consumer and business loans

  • James Boston
    Forex » Eurozone Trade Balance Rises
    James Boston - September 15, 2014, 09:12 GMT

    The Eurozone’s economic statistics agency, Eurostat, has just published the July trade figures for the single currency area. The overall Trade Balance has been announced as €21.2Bn on a non seasonally adjusted basis, this is an improvement on the June final of €16.8Bn and compares to a market consensus estimate of €19.5Bn. When seasonally adjusted

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