Tag Archives: LTRO
Behavioral Finance: Daily Forex Outlook: ECB disabuses market of ’round-trip’ belief
EUR/USD (1.2870) Maybe the most important revelation in yesterday’s ECB press conference was that the banks that borrow via the LTRO are not the same ones that re-deposit money overnight. Probably because the amounts are similar, there had been a common assumption that liquidity had been leaving by one door at the ECB and then […]