Banks Scramble For Free ECB Money

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Banks Scramble For Free ECB Money

Postby Jack Flash » 23 Mar 17, 9:15 am

Banks Scramble For Free ECB Money: €233.5 BIllion Allotted To 464 Banks - ... -operation

The ECB announced €233 bn of take-up (by 474 banks) in the fourth and final TLTRO-2 auction. TLTRO-2 is a four-year facility, provided on a full allotment and fixed rate (at 0%) basis. The rate can fall to -0.4%, assuming loan growth targets are met.

Governments have been loaning money to banks at 0% interest which the loan out at full interest. Want to take a guess who foots the bill?
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