and couple this with the 2 trillion dollar worth LTRO done by ECB in jan2-12 which is to be returned by the participants by dec-2014 .This could cause a serious withdrawal of liquidity.In my veiw this is more of a challenge to world markets then any thing else. but central bank can always do more QE
5.21 PM Mar 11th 2014
ECB cuts the benchmark rate by 25bps to 0.25%, a new record low. This was not a complete surprise as the market rumors about LTRO and rate cut already pressured the EUR last week. This week EUR/USD and EUR/JPY have been consolidating (but no significant bullish correction).
11.55 PM Nov 7th 2013
the LTRO allotments,the ECB added.Banks have the opportunity torepay additional LTRO fundseach week, on a day thatcoincides with the settlementdate of a main refinancingoperation. Counterparties mustinform their respective nationalcentral bank, giving one week`snotice of the amount they wishto repay
4.42 PM May 10th 2013
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