Arab Today, arab today bank borrowing in ecb loans programme beats expectations
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

Bank borrowing in ECB loans programme beats expectations

Arab Today, arab today

Arab Today, arab today Bank borrowing in ECB loans programme beats expectations

The euro
Frankfurt - AFP

The European Central Bank pumped more than twice as much liquidity than expected into the financial system Thursday via private-sector loans, data showed.
The Frankfurt-based central bank said 143 banks had borrowed 97.8 billion euros ($104 billion) under the third round of a lending programme aimed at boosting the moribund eurozone economy and halting a stubborn drop in inflation.
The amount borrowed was double that of forecasts of analysts who had pencilled in an uptake of around 40 billion euros under the Targeted Long-Term Refinancing Operations (TLTRO) programme.

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