The European Central Bank (ECB) announced on Thursday that lent 97,848 million euros to 143 European banks, more than expected, under a long-term loan (almost four years).
The amount was granted at an interest rate of 0.05% and will have to be returned to September 16, 2018, with the possibility of redemption at the end of March 2017.
Analysts polled by Bloomberg pointed on average for a subscription of 40 billion euros.
These refinancing operations have been proposed to banks since September 2014, at the rate of one per quarter, with the condition of being assigned credit to households and businesses.
This mechanism has not had great success so far from banks and in late January the ECB announced the launch of an extensive program of buying assets in place at least until September 2016.
In both gender operations in September and December, banks borrowed close to 212,500 million at an interest rate of 0.15%, an amount that was considered the height reduced when the maximum volume was 400 billion euros.
In January, the interest rate associated with this mechanism rose from 0.15% to 0.05%.
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