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Showing 21 - 30 of 30 results for "TLTRO"

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 22 APR 2016
... decided on 10 March 2016." In June, the ECB will commence operation of its targeted longer-term refinancing operations (TLTRO II) purchases of corporate bonds under the corporate sector purchase programme (CSPP). In his introductory statement, ECB president ...

Four bazookas and a phrase

BENJAMIN ONG  |  FRIDAY, 11 MAR 2016
... be added to the existing list that includes government bonds, bank issued covered bonds and asset asset-back securities. TLTRO II. "...we decided to launch a new series of four targeted longer-term refinancing operations (TLTRO II), starting in June ...

Currency warriors, mount horses and draw swords

BENJAMIN ONG  |  FRIDAY, 6 FEB 2015
... 9% plunge in oil prices and Greece - the ECB reportedly would accept Greek government debt as collateral for LTRO and/or TLTRO no more, no more, no more. For good measure, US jobless claims stats came in lower than market expectations, spurring speculation ...

Super Mario delivers huge stimulus package

BENJAMIN ONG  |  FRIDAY, 23 JAN 2015
... close to, 2% over the medium term." "Second, the Governing Council decided" that " the interest rate applicable to future TLTRO operations will be equal to the rate on the Eurosystem's main refinancing operations prevailing at the time when each TLTRO ...

ECB came bearing no pre-Xmas cheer

BENJAMIN ONG  |  FRIDAY, 5 DEC 2014
... needed, be implemented in a timely manner. Perhaps the super one's still counting on ultra low and negative interest rates and TLTRO (targeted long-term refinancing operations) and asset-backed securities programme and covered bond purchase programme ...

A trillion euros is in the mail

BENJAMIN ONG  |  FRIDAY, 7 NOV 2014
What had been a mathematically-derived, guessed at and/or expected a,-1 trillion expansion in the European Central Bank's (ECB) balance sheet has just become fact - ECB President Mario Draghi promised - and it's unanimous. Most would have probably read ...

Super Mario dropkicks markets

BENJAMIN ONG  |  FRIDAY, 3 OCT 2014
... programme as such, because there are several interactions between the ABS programme, the covered bond programme and the TLTRO programme. The overall impact of these three measures on our balance sheet size will be significant. And our balance sheet ...

The ECB can't make the horse drink

BENJAMIN ONG  |  WEDNESDAY, 24 SEP 2014
... September. The ECB's easing - record low interest rates, negative deposit rate and targeted long-term refinancing operations (TLTRO) -- has not yet filtered through into the economy. Whoopsie, I mean worry. It's been nearly three months since the ECB ...

Not that time yet

BENJAMIN ONG  |  FRIDAY, 1 AUG 2014
... the deposit rate to minus 0.10%, along with other initiatives such as the "targeted longer-term refinancing operations" (TLTRO) aimed at giving both the euro area's economic growth and inflation more oomph. Given last night's disappointing inflation ...

Everything but the kitchen sink

BENJAMIN ONG  |  FRIDAY, 6 JUN 2014
Take that... and that... and that! Yes, Virginia, the European Central Bank (ECB) didn't disappoint market expectations - heavens forbid if it did - and acted, giving it all it's got, except for the proverbial kitchen sink (this it reserves for later). ...
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