TLTRO in the context of ECB policy normalisation

Amundi
By November 10, 2022 12:50

TLTRO in the context of ECB policy normalisation

TLTRO repayments and redemptions will drive incoming ECB passive QT over the next few quarters. So far, banks have repaid a small amount of liquidity, while the ECB’s recent decision on remuneration of excess reserves has helped keep current excess liquidity abundant, aiming at a smooth transmission of its monetary policy.

Amundi
By November 10, 2022 12:50

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