The European Central Bank (ECB) is launching the first round of long-term refinancing operations (TLTRO)

The European Central Bank (ECB) is launching the first round of long-term refinancing operations (TLTRO)

The European Central Bank (ECB) is launching the first round of long-term refinancing operations (TLTRO) on Thursday, hoping that providing easy money to banks will improve lending activity and counteract price stagnation in the 18-member currency block. Initial loans amounting to 82.6 billion euros and are below the expected range of 100 to 300 billion euros. Loans from this first round of TLTRO will be available on September 24th. The loans granted are maturing after four years and are at an annual interest rate of 0.15%.