ECB position TLTROs

The position of the ECB on TLTROs III could be less generous than expected

The Position Of The ECB on TLTROs III Could Be Less Generous Than Expected

According to leaks to Reuters about the future format of TLTROs, the third edition of these operations will be designed to limit entities’ appetite for them, with options like toughening the rules for collateral and the establishment of more ambitious targets for credit volumes. According to ECB sources, this reflects the belief that Eurozone economic fundamentals are stronger than in previous years.