Europe's Latest Cheap Credit Scheme Is Falling Flat Again

The European Central Bank lent '130 billion ($162.17 billion)to banks in its latest cheap credit programme, in an attempt to get Europe's stagnant economy moving again.The TLTRO figure (targeted long-term refinancing operation) is likely to be seen as a disappointment. After pretty poor figures in September, analysts were expecting '175 billion to be extended by Frankfurt.'82.6 billion ($103.4 billion) in loans were taken up by banks in the first round of lending this September. The higher the numbers, the more money that European financial institutions would likely be lending out into the economy.If the figure is seen as low, financial markets may take that as a sign that the ECB will do more easing in the months ahead. A Bloomberg report earlier this month suggested that the central bank will go for a much more wide-ranging stimulus plan in January.Join the conversation about this story
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