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Wednesday, October 27, 2021

ECB to discuss ‘very soon’ new round of loans to banks: Praet

ECB to discuss 'very soon' new round of loans to banks: Praet© Reuters. European Central Bank (ECB) executive board member Praet speaks during an interview with Reuters in Frankfurt

FRANKFURT (Reuters) – The European Central Bank will discuss “very soon” whether to provide a new round of multi-year loans to banks but may not immediately decide on their terms, its chief economist Peter Praet said on Wednesday.

“The discussion will come very soon in the Governing Council. It doesn’t mean we’ll take decisions… at that time,” Praet said about a new Targeted Long-Term Refinancing Operation (TLTRO).

“I think clarity for the banking sector is (important)… but not necessarily on the parameters of the TLTRO because that’s complicated.”

He added the ECB’s previous TLTRO, due start maturing next year, was “extremely generous”.

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Source: Investing.com

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