Central Banks
ECB Long-Term Loan Repayments From Banks Seen Slowing This Month
- Banks likely to hand back €213 billion, poll of analysts shows
- Return of cheap funding is driving ECB balance sheet reduction
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Euro-zone banks are expected to return less cheap long-term funding to the European Central Bank this month compared with at their last two opportunities, according to economists.
The median among the eight respondents in a Bloomberg survey was for early repayments of €213 billion ($229 billion), with a range between €75 billion and €450 billion. The ECB will announce the number on Jan. 13.