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/VIEW: ECB watcher Frederik Ducrozet, of........>

ECB
ECB: /VIEW: ECB watcher Frederik Ducrozet, of Pictet Asset Managament, noted
"ECB President statement on the coronavirus. All in line with today's comments
("closely monitoring", "ready to take measures") although the "targeted" part is
new and could be a first hint at a special TLTRO in the making, e.g. with looser
conditions targeted at SMEs. As an aside, banks need to submit bids in the next
TLTRO-III.3 by the 18th, so unless we get an announcement this week it may be
too late to amend TLTRO terms on the 12th and the ECB will have to introduce a
special operation."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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