Third TLTRO sees extra €98 billion borrowed from ECB
Latest allocation of cheap loans pushes total amount borrowed to €310 billion
The third targeted long-term refinancing operation (TLTRO) proved more popular than many observers expected today, with 143 banks borrowing an additional €97.8 billion from the European Central Bank (ECB).
This pushes the total amount borrowed from the first three instalments of the programme to €310.6 billion, with another five allotments still to come, running up to June 2016.
In an effort to encourage banks to lend more to the real economy, the ECB announced the TLTROs – which allow banks to
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