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Draghi raunt, er wolle vor seinem turnusmäßigem Abgang im Oktober 2019 noch einmal fluten. Es wird wohl die letzte offizielle Flutung vor der Alters-Inkontinenz werden.
TLTRO sind Gratiskredite der EZB an die (strauchelnden) Banken der Eurozone - die übrigens vor allem wegen Draghis Nullzinspolitik straucheln (keine Fristentransformationsgeschäfte mehr möglich).
Mit diesen TLTRO-Gratiskrediten sollen die Banken dann wieder wie 2012 ff. Staatsanleihen (strauchelnder) Eurozonenstaaten kaufen, um diese vor der Pleite zu retten.
Gerichtsstand ist und bleibt Palermo.
www.marketwatch.com/story/...eid=bigcharts&dist=bigcharts
The European Central Bank this week has to convince markets it is ready to act on events that may never happen.
The central bank’s governing council meeting on March 7 will consider whether the eurozone’s economic slowdown will worsen. That will determine the policy steps the ECB might take, or the ones it might hint at taking in the future — “forward guidance” in central bank lingo.
ECB insiders say the main step under consideration is a new long-term liquidity facility for eurozone banks. The “targeted long-term refinancing operations” (TLTRO) the ECB launched in 2014 and 2016 provided banks with four-year loans at low interest rates, on condition that they increased their lending. The latest of these loans mature next year. Some of the eurozone’s most challenged banks (think Italy) need a similar facility badly.
TLTRO sind Gratiskredite der EZB an die (strauchelnden) Banken der Eurozone - die übrigens vor allem wegen Draghis Nullzinspolitik straucheln (keine Fristentransformationsgeschäfte mehr möglich).
Mit diesen TLTRO-Gratiskrediten sollen die Banken dann wieder wie 2012 ff. Staatsanleihen (strauchelnder) Eurozonenstaaten kaufen, um diese vor der Pleite zu retten.
Gerichtsstand ist und bleibt Palermo.
www.marketwatch.com/story/...eid=bigcharts&dist=bigcharts
The European Central Bank this week has to convince markets it is ready to act on events that may never happen.
The central bank’s governing council meeting on March 7 will consider whether the eurozone’s economic slowdown will worsen. That will determine the policy steps the ECB might take, or the ones it might hint at taking in the future — “forward guidance” in central bank lingo.
ECB insiders say the main step under consideration is a new long-term liquidity facility for eurozone banks. The “targeted long-term refinancing operations” (TLTRO) the ECB launched in 2014 and 2016 provided banks with four-year loans at low interest rates, on condition that they increased their lending. The latest of these loans mature next year. Some of the eurozone’s most challenged banks (think Italy) need a similar facility badly.
