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ECB's Schnabel says on Twitter the TLTRO........>

ECB
ECB: ECB's Schnabel says on Twitter the TLTRO III.4 takeup of EUR1,308bln adds a
net EUR548.5bln of liquidity (which is as assumed, with the EUR760bln of
repayments from earlier TLTROs etc. accounted for.) She also notes the number
exceeded market expectations.
- Market reaction to the takeup announcement is relatively muted, EGB periphery
spreads widening slightly.

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