PREMIUM

ECB hands banks 45.3b euros at zero interest rate

This is second round of central bank's programme to boost credit to the real economy

Fri, Sep 23, 2016 - 5:50 AM

Frankfurt

THE European Central Bank (ECB) handed 45.3 billion euros (S$69 billion) to euro-area lenders at a zero interest rate, in the second round of its programme to boost credit to the real economy.

The take-up in the targeted longer-term refinancing operation, known as TLTRO-...

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