ECB’s Nowotny sees similar demand for LTRO2 and LTRO1

Author: Jamie Coleman | Category: Central Banks
  • 2012 inflation clearly below 2%
  • ECB on constant alert for inflation
  • Banks have enormous refinancing needs
  • Austria top 3 banks unlikely to need aid

Bloomberg headlines via local Austrian newspaper interview.

Just as a reminder, the first 3-year LTRO saw EUR 490 bln borrowed by European banks…

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