ECB Launches New Pandemic-Specific Liquidity Backstops. Says ‘Fully Prepared’ To Increase Asset Purchases

ECB Launches New Pandemic-Specific Liquidity Backstops. Says ‘Fully Prepared’ To Increase Asset Purchases

The ECB on Thursday relaxed conditions for TLTRO III and announced new, non-targeted long-term refinancing operations in connection with its efforts to cushion the blow from the coronavirus epidemic. The new operations - called "pandemic emergency longer-term refinancing operations", or, "PELTROs" - will provide yet another liquidity backstop, the April statement reads. PELTROs will entail seven new refi ops, starting next month. Maturities are staggered from July to September of next year. The
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One thought on “ECB Launches New Pandemic-Specific Liquidity Backstops. Says ‘Fully Prepared’ To Increase Asset Purchases

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