LTROs ‘major' boost to eurozone liquidity, research shows
The two three-year long-term refinancing operations (LTROs) conducted in December 2011 and February 2012 had a major impact on the liquidity environment in the eurozone, with a net addition of €525 billion of liquidity, as €1,019 billion was allotted across both operations, an analysis published yesterday by the Central Bank of Ireland shows.
Analysis of Recent Monetary Operations & Financial Market Developments, by Eoin McCabe and Donal Hayes, examines developments in Eurosystem monetary policy
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