ECB’s Three-Year Loan May Be Last as Balance Sheet Expands
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The European Central Bank may decide all good things must come to an end after allocating more than 1 trillion euros ($1.34 trillion) in long-term loans.
The ECB’s three-year lending reached 1.02 trillion euros with today’s second Long Term Refinancing Operation. Eight hundred banks received a total of 529.5 billion euros, more than the 470 billion euros median forecast in a Bloomberg News survey and the 489 billion euros of the first tender in December.