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March Early TLTRO Repayment On High End Of Expectations

ECB

The ECB announces that banks repaid E87.7bln of TLTROs early, made up primarily of E71.9bln by 85 counterparties of the 20200131 TLTRO III tender (which has a June 2023 maturity date).

  • The total was on the high end of expectations, but not a game-changing amount and there has been no discernable market reaction.

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