The FX PostThe FX Post
    What's Hot

    U.S. Crude Oil Inventories Hit Lowest Level of the Year

    September 27, 2023

    President Biden’s Dog Commander Involved in Another Biting Incident

    September 27, 2023

    Vehicle Strikes Striking Workers in UAW-GM Plant Picket

    September 26, 2023
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Europe’s Banks Cashing in With ECB Program
    Forex News

    Europe’s Banks Cashing in With ECB Program

    September 2, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    EU bank
    EU bank
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    The European Central Bank is looking to ensure credit is flowing into Europe’s economy to support its recovery as COVID-19 pandemic drags on.

    • EU banks are generating money from an ECB program that pays them to lend, boosting their earnings and helping offset some of the costs related to the continent’s long-running negative interest rates.
    • The program reveals the degree that the ECB has been willing to maintain economies in the Eurozone afloat amidst the coronavirus pandemic by providing continuous liquidity to businesses to prevent a credit crunch.
    • Incentives on loans are significant in Europe because companies depend heavily on borrowings from banks, unlike in the US, where companies regularly issue bonds.
    • The targeted longer-term refinancing operations (TLTROs) were formed in 2014. The ECB improved the arrangement for banks last year by reducing the interest rate on its loans to nearly negative 1%.

    In the recent round of the TLTROs program, banks took nearly $129 billion from the ECB. That brought the overall outstanding under TLRO to over € 2 trillion, roughly 50% of total excess liquidity in the Eurozone banking system.

    Euro Stoxx 50 up +0.083%, EUR USD up +0.19%Source: The Wall Street Journal

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    EU banks EURO
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    6.8

    SurgeTrader Review

    August 10, 2023
    8.6

    Social Trader Tools Review

    May 30, 2023
    9.0

    Kodi Kai Trades Review

    May 28, 2023
    9.2

    System Levels Review

    May 26, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    49  −    =  41

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • U.S. Crude Oil Inventories Hit Lowest Level of the Year
    • President Biden’s Dog Commander Involved in Another Biting Incident
    • Vehicle Strikes Striking Workers in UAW-GM Plant Picket
    • Citi Maintains Sell Rating for AMC Entertainment Holdings Inc.
    • The Impact of Apple’s iPhone 15 on the Economy
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.