Banks Seen Borrowing Net 50 Billion Euros in ECB TLTRO-II: ChartBy
Financial institutions in the euro area will take up a net 50 billion euros ($57 billion) in the European Central Bank’s second series of long-term loans that debuts on Friday, according to the median of 17 estimates in a Bloomberg survey. The new loans, which come with an interest rate of zero that can turn negative if banks expand credit, are on top of the 368 billion euros banks will repay on June 29 that were borrowed as part of the initial TLTRO series one offering.
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