Free Trial

Early TLTRO Repayments Drop at a Sharper Pace Than Expected

ECB
  • ECB announces banks made EUR 62.75bln in early TLTRO repayments, a lower repayment than sell-side forecasts of EUR 213bln.
  • This marks a sharp slowdown in the pace of repayments, which totalled just shy of EUR 800bln across the November and December repayment windows.
  • The ECB's December Survey of Monetary Analysts showed a median E130bln expected to be repaid in the January window, with 25th-75th percentiles of E55-250bln - but that appears to take into account survey responses before the Dec window takeup of E447.5bln came in at the high end of expectations (E236-496bln, E311bln median).
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.