kagein
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As im sure all of you are aware next week we´ll receive results from the ecb´s 3 year LTRO. I find myself confused as im not really sure what to expect if the take up is higher or lower than what is expected.
I´m quite confused by the last reaction in the EURIBOR and Euro FX from the results in December, which clearly took the news of the bigger than expected take up as positive. I would have thought that would be extremely negative, giving the impression that banks were scrambling for cheap money. Especially since there are banks who have come out to say they didnt take any money.
what am i missing, because clearly im missing something.
Say for instance we get a bigger take up than in December, is that positive given that banks STILL need more cheap money?
I´m quite confused by the last reaction in the EURIBOR and Euro FX from the results in December, which clearly took the news of the bigger than expected take up as positive. I would have thought that would be extremely negative, giving the impression that banks were scrambling for cheap money. Especially since there are banks who have come out to say they didnt take any money.
what am i missing, because clearly im missing something.
Say for instance we get a bigger take up than in December, is that positive given that banks STILL need more cheap money?
