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Just to clarify the timeline for the ECB........>

ECB
ECB: Just to clarify the timeline for the ECB today:
- We are unlikely to get any material announcements at 12:45BST. This is mainly
reserved for rate changes or potentially changes to QE - neither of which are
expected today.
- For TLTRO III details, if in line with the details of the TLTRO II
announcement, we would expect some details such as the pricing/spread to be part
of the press conference beginning at 13:30BST (normally in the first few
paragraphs).
- There would likely be further technical details released after the end of the
Q&A at 14:30BST.

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