Economics
Why Draghi’s Cheap Cash Offer to Banks May Lack Appeal
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Mario Draghi’s promise of cheap cash for banks betting on the euro-area revival is losing its allure.
Economists in the Bloomberg Monthly Survey cut their estimate of the take-up of funds under a program designed to boost bank lending. The reduction signals concern that the outlook for the currency bloc may be too weak to drive demand for loans, undermining a policy the European Central Bank president says is key to restoring the region’s health.