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MNI ECB WATCH: ECB Eye TLTRO Changes As Depo Rate Set For 1.5%

(MNI) LONDON

ECB set for third consecutive hike in key deposit rate, with hints on QT, TLTROs also eyed.

The European Central Bank will likely hike its key deposit rate by 75bps on Thursday, confirming market expectations, and possibly announcing changes in the terms of its cheap loans to banks, as per MNI SOURCES: ECB Seen Changing TLTRO Terms.

Although the hike in the deposit rate to 1.5% and any indication on the forward path will be the main focus of attention, how policymakers look to deal with the growing problem for the national central banks of interest payments on reserve holdings will also be of concern.

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The European Central Bank will likely hike its key deposit rate by 75bps on Thursday, confirming market expectations, and possibly announcing changes in the terms of its cheap loans to banks, as per MNI SOURCES: ECB Seen Changing TLTRO Terms.

Although the hike in the deposit rate to 1.5% and any indication on the forward path will be the main focus of attention, how policymakers look to deal with the growing problem for the national central banks of interest payments on reserve holdings will also be of concern.

Keep reading...Show less