Following the conclusion of its quantitative easing (QE) programme last year, the bank was widely expected to announce more help to support bank lending to businesses and consumers because the world economy remained under pressure.

The new round of cheap bank loans marks the third time since the eurozone crisis that the ECB has launched so-called “targeted longer-term refinancing operations” (TLTRO).

It is the provision of long-term loans to banks, with the incentive that those who lend more to the real economy will be able to borrow more and at a lower interest rate than the ECB usually offers

Read More.. Source Sky News

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