The Eurozone Economy Is Turning The Corner

The take-up of the ECB's TLTRO program announced back in June was materially lower than expected. About €83bn worth of cheap long-dated loans was picked up by the area's banking system. Many had expected €150bn and even greater. Part of the reason is that banks that are not quite ready to deploy the funds don't want to sit on cash with negative rates.

Topics:  ecb's tltro   june   qe it   mro   eurosystem   tltro   abs   basel accord   bis   mario draghi   improved german   italy   france   ukraine   the ecb   ecb   ltro   eurozone   eu   german   economy is turning the corner   area   expected   balance   sheet   credit   industrial   bank   part   banks   take-up   combined   weaker   easing   production   expectations   continue   loans   time   negative   resulted   rates   trade   expand   contraction   
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