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Banks Park LTRO Cash at ECB, Key Test as Italy to Sell Bonds

posted by Avatar FXTimes 508 days ago in EUR, Fundamental, Sentiment made popular 508 days ago

In today's data from Europe we see what may be described as a disturbing sign that much of the excess cash borrowed by banks via the ECB's 3-year LTRO has been parked back with the ECB. It's too early to tell if this means banks are going to hoard the cash instead of increasing lending and/or buying periphery debt - the hope of the ECB and other Eu
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