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
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
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.