FRANKFURT, Feb 10 (Reuters) – Euro zone banks will repay one other 36.6 billion euros in European Central Financial institution loans early, the ECB stated on Friday, a small transfer that will nonetheless assist the central financial institution’s battle in opposition to inflation by mopping up money from the monetary system.
The most recent reimbursement of the ECB’s Focused Longer-Time period Refinancing Operations will take the quantity of excellent TLTRO loans to roughly 1.22 trillion euros – nonetheless greater than half of its degree within the autumn.
The ECB has given banks the choice of repaying TLTRO loans forward of schedule to unwind a few of its financial stimulus of the final decade, and to scale back the quantity it pays in curiosity on deposits after sharply elevating rates of interest.
Friday’s reimbursement might be settled on Feb 22.
Reporting By Francesco Canepa; enhancing by Balazs Koranyi
: .