March 17, 2023 10:42 GMT
Limited Early TLTRO Repayments Seen This Month Amid Bank Stresses
ECB
Reminder that the announcement of early TLTRO repayments for March are announced at 1105GMT/1205CET.
- Fairly low takeup is expected given ongoing systemic liquidity concerns (banks had to tell the ECB on Wednesday how much they wanted to repay).
- Prior to the recent banking uncertainty there had been speculation that takeup could be fairly sizeable in March.
- The most recent Bloomberg survey median for early repayments was E25bln (high E125bln, low E10bln). By comparison, E36.6bln was repaid early in February's window.
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