Foreign Exchange & Fixed Income

Reuters exclusively reports ECB will tailor new loans to reduce demand, sources say

Reuters exclusively reports ECB will tailor new loans to reduce demand, sources say

Reuters exclusively reported how European Central Bank (ECB) policymakers want to reduce banks’ reliance on central bank cash and will tailor a fresh loan facility to curb appetite. With growth slowing and business confidence fading, the ECB announced new stimulus measures last week to prop up a still-fragile economy, promising to put off raising interest rates and to give banks access to more multi-year loans from the central bank.


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