Thursday, September 18, 2014

No rush on cheap loans from ECB – The Standard

No rush on cheap loans from ECB – The Standard


             European banks Thursday less cheap loans from the European Central Bank (ECB) asked than expected. The ECB provided for 82.6 billion in loans, money that is meant for the business world by locks.
         

The ECB announced earlier in two rounds, in September and December., Shall submit a total of up to 400 billion euros in loans In 2015 and 2016 new rounds, where the loan amount can be up to 1000 billion. Follow

The idea is that banks are very cheap loans seize more loans go to businesses and households themselves. Therefore it should be easier for them to do, what the economy needs fuel. Then investments

The interest of banks, however, was disappointing. Estimates of economists for the first round ranged from 100 to 300 billion euros and arrived in diameter from 150 billion euros.

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